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Explainer-Iran's expanding oil trade with top buyer China

China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions. Existing sanctions were implemented over Iran's nuclear programme, and U.S. lawmakers are seeking to exert further pressure after the Oct. 7 attacks on Israel by Hamas, which has long been backed by Iran, although Tehran has denied any involvement. U.S. lawmakers are now considering legislation that could impose measures on foreign ports and refineries that proces...
United States Donald Trump Kim Coghill Tony Munroe Muyu Xu Florence Tan
Source: yahoo.com

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Why the US can't stop Iran's lucrative oil trade with China | Serene Cheong

Washington’s hawks are demanding that President Joe Biden’s administration tighten US sanctions on Iran as punishment for its support of Hamas, the militant group behind the attacks that triggered the current conflict with Israel. Tehran, they argue, has been exporting more oil over recent months than it has in years.…
United States Donald Trump Janet Yellen Michal Meidan Joe Biden Sarah Chen Bloomberg

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