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Behind Iran’s War Chest, an Oil ‘Lifeline’ from China | Kharon
China reportedly absorbs around 90% of Iran’s oil exports. Kharon research traced the often-opaque networks behind that critical trade—from small “teapot” refineries to shadow-fleet tankers to front-company financiers.
China keeps Iranian oil moving through Hormuz as war reshapes trade - ABC News
Since the conflict began, traffic through the strait has dropped sharply, with on average two laden tankers a day leaving the Gulf, down from around 30 before the war, according to Braemar Research, one of the world's largest shipbroking firms.
Congressional report details how China buys sanctioned oil from Iran, Russia and Venezuela
"China is the buyer of oil from desperate, rogue regimes through illicit, hard-to-track channels involving shell companies, Chinese refineries and a shadow fleet of oil tankers," said Select Committee on China Chairman John Moolenaar, R-Mich. "This investigation brings to light key information on how the Chinese Communist Party keeps the economies of Iran and Russia afloat while fueling its own authoritarian agenda." Published 1 day ago
China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained | China | The Guardian
The crisis was caused by the US-Israel strikes on Iran on 28 February, which unleashed chaos in the Middle East and prompted Tehran to in effect close the strait of Hormuz, a vital waterway through which about a fifth of the world’s oil and ...
