China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon

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China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon

cnbc.com/2025/06/27/china-us-sanctions-shadow-fleet-top-iranian-oil-buyer-trade.html

For years, China has been buying discounted Iranian oil in bulk, and the U.S. sanctions on Tehran have barely put a dent in that trade, analysts said, thanks to a shadow supply chain of transshipment and a yuan-denominated payment system that bypasses the U.S. dollar.
Chinese customs…

This story appeared on cnbc.com, 2025-06-27 06:51:10.