China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon – NBC Los Angeles
Chinese independent refineries have been the major buyers of cheap Iranian crude. China’s crude imports from Malaysia increased significantly to levels exceeding Malaysia’s production. Such trades are likely to continue as usual despite Trump’s recent comments. For years, China has been buying discounted Iranian oil in bulk, and the U.S. sanctions on Tehran have barely…