Tag: China-Iran oil

China rejects U.S. sanctions on refineries over Iran oil links

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China rejects U.S. sanctions on refineries over Iran oil links

China is a key customer for Iranian oil, mainly through independent “teapot” refineries that rely on discounted crude from the Islamic republic. | Photo Credit: Reuters China will not comply with U.S. sanctions against five firms targeted for purchasing Iranian oil, Beijing’s Commerce Ministry said on Saturday (May 2, 2026). China is a key customer…

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About 90 ships have crossed Strait of Hormuz so far as Iran exports millions of barrels of oil despite war

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About 90 ships have crossed Strait of Hormuz so far as Iran exports millions of barrels of oil despite war

About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many of the vessels that passed through the…

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