US Cracks Down on China Over Iran Oil Trade
The US has escalated its economic offensive by sanctioning a Chinese refinery and dozens of vessels linked to Iran’s shadow oil trade, aiming to cut off Tehran’s primary income source.
Tag: Iran oil
India Resumes Iranian Oil Imports After 7 Years as Tankers Divert Midway
After a seven-year gap, India resumes importing crude oil from Iran as the US temporarily eases sanctions. Tankers originally headed for China have diverted to India, signaling a shift in global oil supply dynamics.