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China Buys More Iranian and Venezuelan Oil, in a Test for Biden
China has sharply increased its imports of oil from Iran and Venezuela in a challenge to two Biden administration foreign-policy priorities, according to U.S. officials.
That trend is confirmed by other shipping trackers, some of which see those sales at 1 million barrels a day.
China is also increasingly flouting international sanctions on North Korea and is no longer trying to hide some of its smuggling activity as it seeks to help Pyongyang, U.S. officials said recently.
“The informal Chinese purchases have reduced the need to negotiate on oil sanctions” for Tehran, one Iran-focused U.S. official said.
Source: WJS #Mar19
https://www.wsj.com/articles/china-buys-more-iranian-and-venezuelan-oil-in-a-test-for-biden-11616146203
#IranianOil #ChinaIran #VenezuelanOil #USSanction
China has sharply increased its imports of oil from Iran and Venezuela in a challenge to two Biden administration foreign-policy priorities, according to U.S. officials.
That trend is confirmed by other shipping trackers, some of which see those sales at 1 million barrels a day.
China is also increasingly flouting international sanctions on North Korea and is no longer trying to hide some of its smuggling activity as it seeks to help Pyongyang, U.S. officials said recently.
“The informal Chinese purchases have reduced the need to negotiate on oil sanctions” for Tehran, one Iran-focused U.S. official said.
Source: WJS #Mar19
https://www.wsj.com/articles/china-buys-more-iranian-and-venezuelan-oil-in-a-test-for-biden-11616146203
#IranianOil #ChinaIran #VenezuelanOil #USSanction