Iran china oil. May 6, 2024 · The China Customs Organization states that in the first quarter of 2024, Beijing officially imported $1. , Ltd. Sanctions Some Members of Congress remain concerned with the ability of longtime U. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a Apr 16, 2025 · WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a China-based independent “teapot” refinery Shandong Shengxing Chemical Co. Feb 28, 2025 · China's imports of Russian Far East crude and Iranian oil are set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under U. Apr 10, 2025 · The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just Feb 10, 2025 · The United States has imposed new sanctions on individuals and entities facilitating the sale of Iranian oil to China, aiming to pressure Iran while navigating complex relationships with Beijing. May 8, 2025 · The United States is sanctioning China-based independent “teapot” refinery Hebei Xinhai Chemical Group Co. sanctions have barely put a dent on China's massive purchases of discounted Iranian oil, thanks to a shadow supply chain of transshipment. China[2] is a 25-year cooperation agreement on the further development of Iran–China relations signed in Tehran by the Chinese and Iranian foreign ministers on 27 March 2021; the final details of the agreement have yet to be officially announced. Why it matters: It's the opposite of the trade war de-escalation the administration has said is necessary. [10] Jan 8, 2025 · The stranded oil, however, was documented as Iranian oil when Iran’s national oil company, NIOC, delivered it to Chinese ports around October 2018 using waivers granted by Trump, two of the four sources said. The relationship, however, has been lopsided. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U. China says it does not recognise sanctions against its trade partners. Mar 31, 2025 · U. Aug 1, 2025 · A CBS News investigation reveals that China is still secretly buying Iranian oil and evading U. There is little evidence that this has Jun 17, 2025 · China is facing a significant energy security crisis as its heavy reliance on discounted Iranian oil has no viable alternative. Jun 25, 2025 · China has responded to President Donald Trump's cryptic post about its purchases of Iranian oil, saying it would prioritize its national interests. adversary Iran to raise revenue by selling petroleum. It was just a year ago that Iran’s exports Oct 17, 2024 · To understand how Iran can amass so much cash, zoom in on its petro-economy. 1 million barrels per day (bpd) of Iranian crude, accounting for 10 percent of China’s oil imports. and Israel jeopardizes Tehran’s daily exports of one to Jan 9, 2025 · Iran currently remains China’s top oil supplier, and according to Reuters, Beijing currently buys about 90% of Tehran’s oil exports at a discount. Trump’s mixed signals on sanctions stir market confusion. policy must understand that no Chinese company is too big to sanction. While China remains Iran's largest oil customer, its demand growth is slowing due Jun 20, 2025 · China could face major oil supply disruptions if war between Israel and Iran escalates further, as Beijing remains heavily reliant on crude oil imports from the Middle East, much of which transits May 28, 2024 · Decreasing Iran’s oil exports would require a substantial shift in China’s energy relationship with Iran—and that is unlikely to happen unless Beijing is on board. The U. In 2023, China saved a reported ten billion dollars by purchasing crude oil from sanctioned countries such as Iran Jun 22, 2025 · Before Saturday evening's strikes on Iran's nuclear facilities, the Chinese Communist Party had demanded that Israel end its attacks on the Islamic Jun 19, 2025 · China's energy imports are vulnerable as Iran's conflict with Israel threatens to drag the United States into a war. Aug 4, 2025 · Continuing to buy oil from Russia preserves Xi’s “strategic solidarity” with Russian President Vladimir Putin and significantly reduces the economic costs for China, Russel said. The stranded oil, however, was documented as Iranian oil when Iran’s national oil company NIOC delivered it to Chinese ports around October 2018 using waivers granted by Trump, two of the four sources familiar with the shipments said. China and Iran signed a 25-year, $400 billion economic cooperation agreement in 2021 as part of Beijing’s Belt and Road Initiative. , a “teapot” oil refinery, for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil. The main buyers of Iranian oil are Chinese private refiners, some of whom have recently been placed on the US Treasury sanctions list. 6% of purchases this year by the world's largest crude importer, leaving Beijing uniquely exposed to any supply disruption Jan 8, 2025 · Iran is pushing to recoup 25 million barrels of oil from China that has been stuck for six years in Chinese ports due to sanctions imposed by then-U. This is despite U. has urged China, Iran’s biggest oil customer, to stop Tehran closing the vital Strait of Hormuz. Apr 20, 2025 · Harming Iran’s oil exports to China is ‘dramatic blow’ As the US applies a series of new sanctions targeting Sino-Iranian oil trade, an Israeli observer says the effect could be major. Can China afford to lose Iranian supplies? Jun 27, 2025 · Iranian defense chief joins China-led talks as Tehran deepens military ties and ramps up oil exports to Beijing amid U. 65trn), which have been held in two Chinese ports for the past six years due to sanctions imposed by the US, reported Reuters, citing Iranian and Chinese sources familiar with the matter. Apr 14, 2025 · Chinese crude oil imports surged to a seven-month high in March, driven by increased flows of Iranian and Russian crude. Feb 18, 2025 · The Trump administration is intensifying its crackdown on Iranian oil shipments to China. The Iran–China 25-year Cooperation Program or Comprehensive Strategic Partnership between I. Nov 29, 2024 · A Bloomberg report reveals a massive, ongoing, and sophisticated operation by China and Iran to circumvent US sanctions on Iranian oil through elaborate ship-to-ship transfers in the South China Sea. The discount on Iran’s oil compared with a similar grade of nonsanctioned crude such as Oman Export Blend is currently around $2 a barrel, according to Tom Reed, vice president of China crude at Feb 19, 2025 · Despite a recent US crackdown on shipments, Iranian crude oil exports to China have rebounded significantly in February. Jun 24, 2025 · President Donald Trump on Tuesday appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil as he seeks to bolster a Jun 4, 2025 · Iran’s crude oil exports to China fell sharply in May amid tighter U. Jul 8, 2025 · China has reportedly provided Iran with missile systems in exchange for oil amid rising regional tensions and Tehran's growing dissatisfaction with Russia. Oct 11, 2024 · China’s Iranian oil imports show y-o-y growth while its crude demand weakens. If it does, China could find itself cut off from a flow of cheap oil. airstrikes targeted Iran’s nuclear facilities, Trump now extends clemency to China on its Iranian oil imports—a calculated reward for non-interference and trade cooperation. Flying in the face of the US sanctions aimed at crippling Tehran’s oil trade and isolating Beijing, the rail line will not only boost trade between the two countries, but would also undermine America’s […] May 5, 2025 · To squeeze the Islamic Republic’s oil revenues, it is key for U. The oil is now at the centre of discussions between Iran and China as the former anticipates the potential May 27, 2025 · The China-Iran rail connection enables oil shipments from Iran to China and the movement of Chinese goods to Europe without U. sanctions. policy to understand that no Chinese company is too big to sanction. The oil that Iran stored in China in 2018 has been at two ports—in Dalian, east of Beijing, and Zhoushan, south of Shanghai, the people said. naval oversight. sanctions, refinery maintenance, and increasingly covert shipping tactics. Despite partial implementation, this arrangement undermines global sanctions and poses significant risks to regional stability and Western strategic interests Oct 6, 2025 · The U. How much oil does China import from Iran? In 2023, China imported 1. Newsweek has reached Dec 29, 2024 · Iran is struggling with a sharp decline in oil exports to China and seeks to offload reserves stored in Chinese ports ahead of Donald Trump's return to Washington. Jun 4, 2025 · Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer. Jan 8, 2025 · Most Iranian oil sold to China is redocumented as non-Iranian en route to Chinese ports. OFAC is also Jun 13, 2025 · Iran’s crude exports have risen to a multi-year high of 1. Iran’s Petroleum Exports to China and U. Jun 24, 2025 · President Trump urged China to resume oil purchases from Iran after a ceasefire announcement Trump's statement marks a shift from his previous 'maximum pressure' campaign on Iran China buys over Apr 10, 2025 · China's imports of Iranian oil surged in March as buyers stocked up amid worries that further U. Iran’s unique combination of large volumes, deep discounts, and its willingness to defy western sanctions makes it irreplaceable, sources told News18. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move Feb 24, 2025 · The U. May 1, 2025 · President Trump on Thursday effectively threatened new and massive sanctions against China over purchases of Iranian oil. Jun 24, 2025 · President Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration spent months imposing sanctions on Chinese refineries for buying Iranian May 1, 2025 · China is a major consumer of Iranian crude oil, with imports reaching a record 1. Jun 24, 2025 · Oil markets rose Tuesday after President Donald Trump permitted China to buy Iranian oil, with crude prices dropping amid reduced concerns about the Strait of Hormuz. Apr 18, 2024 · China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries. Jun 17, 2025 · As Chinese diplomacy becomes increasingly active in the Middle East, Beijing, which buys 90% of Iran's exported oil, has continued to leave the role of regional policing to the US. May 5, 2025 · The latest spike in US–Iran tensions has cast fresh light on one of the thorniest issues in Washington's efforts to rein in Tehran: Iran's oil exports to China — a vital economic lifeline Jun 18, 2025 · China's increasing dependency on energy imports from across the Middle East, not just Iran, make it one of the biggest losers in the conflict between Israel and Iran. In response, Iran and Russia have redirected oil shipments to China—the world’s largest importer of crude oil. Jun 17, 2025 · The highlights this week: China picks sides in the Iran-Israel conflict, Chinese President Xi Jinping travels to Kazakhstan, and China flexes its rare-earths leverage over the United States. tensions. Feb 28, 2025 · China is principally responsible for keeping the Iranian regime in business through oil purchases that have totaled over $140 billion since President Biden assumed office in January 2021 . Jun 24, 2025 · SINGAPORE - China is the main buyer of oil from Iran, which accounts for roughly 13. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China. 7 million barrels of crude a day, less than Apr 16, 2025 · The Treasury Department has imposed sanctions on a Chinese oil refinery that's accused of purchasing more than $1 billion worth of Iranian oil. Feb 6, 2025 · The U. 6% of China's oil purchases this year, with the discounted barrels providing a lifeline to margin-squeezed independent refineries. China bought Iran’s oil to fuel industrialization, while it sold machinery, electronics, and appliances to Iran to expand its global marketplace. Spanning over 1,350 kilometers, this strategic railway project will dramatically boost overland oil Jun 28, 2023 · Since the early 21st century, the centerpiece of relations between Tehran and Beijing has been economic, largely based on trade in oil and consumer goods. Six years ago, when the Trump administration reimposed a blockade, Iran’s exports of crude oil collapsed. The oil was shipped on behalf of Iran’s Armed Forces General Staff (AFGS) and its sanctioned front The act details 11 elements to be included in the report, including information on Iran’s export and sale of petroleum and petroleum products, Iran’s labeling practices of exported petroleum and petroleum products, and companies, ships, and ports involved in the export and sale of Iran’s petroleum and petroleum products. Mar 20, 2025 · The Department of the Treasury is concurrently sanctioning China-based Shandong Shouguang Luqing Petrochemical Co. Jun 22, 2025 · Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil. President Donald Trump, three Iranian and Apr 5, 2025 · China's independent refineries' imports of Iranian crude could fall from the record levels registered in March due to the intense sanction threats from the US, affecting trade and refinery operations, sources said on April 3. Mar 10, 2025 · Stranded Iranian cargoes have offloaded their crude at Shandong, the key import terminal for China’s independent refiners, after ship-to-ship transfers. for its role in purchasing more than a billion dollars’ worth of Iranian crude oil, including from a front company for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). and its allies. Trump, having brokered a ceasefire between Jun 17, 2025 · Israel hasn’t attacked Iran’s energy export hubs so far. Jun 25, 2025 · US President Donald Trump’s declaration on Tuesday that China “can now continue” to buy Iranian oil did not signal a change in Washington’s policy on banning such trade, the White House Mar 8, 2025 · Successive rounds of sanctions on companies and tankers said to be aiding Tehran are finally slowing the flow of Iranian oil to China, as costs rise and more traders are compelled to engage in New satellite imagery shows what appears to be Iran’s shadow fleet operating in the South China Sea, transferring oil via ship-to-ship to tankers possibly bound for China. NIOC stored the oil in the ports of Dalian and Zhoushan in east China, where it had been leasing tanks, the sources said. China imports about a fifth of Iran’s oil—more than any other country—but it may not be the hardest hit if fighting with the U. Unlike his first term, Trump’s second presidency is actively using economic and geopolitical pressure Oct 4, 2024 · Iran’s oil infrastructure has been pushed to the center of the escalating conflict in the Middle East, but an Israeli strike on Iran’s energy facilities would also affect China directly. Jan 5, 2024 · China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and Jan 1, 2025 · Iranian oil exports have rebounded under Biden's administration but face potential declines with Trump’s return. Jun 19, 2025 · Iran's crude exports averaging 2. Under a draft of the 25-year agreement Nov 19, 2024 · A burgeoning group of dark fleet vessels operating with impunity on the edge of a major maritime thoroughfare is moving hundreds of millions of barrels of sanctioned oil — and risking an Feb 6, 2025 · WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China (PRC). 6 days ago · The discounts on Iranian oil offered to China have hit their widest in more than a year, as tightening sanctions on Russia and Iran squeeze buying from independent refiners already constrained by Jun 27, 2025 · U. and three oil terminal operators for their role in purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil. 8 million bpd in recent months, the highest since 2018, driven by strong Chinese demand. 6 per cent of purchases in 2025 by the world’s largest crude importer, leaving Beijing uniquely exposed to any Jun 24, 2025 · China is the main buyer of oil from Iran, which accounts for roughly 13. The United States has sought to reduce other countries’ imports of Iranian petroleum via sanctions, including some new sanctions authorities enacted in the 118th Congress. Iran exports around 1. President Donald Trump on Thursday said any country purchasing oil from Iran Oct 29, 2025 · Iran appears to be stepping up the rebuilding of its ballistic missile program, despite the reintroduction last month of United Nations sanctions that ban arms sales to the country and ballistic Mar 21, 2025 · Washington has issued new Iran-related sanctions, including a Chinese "teapot," or independent refiner, and vessels that supply oil. Four in every five barrels of exported Iranian oil go to China. Washington Apr 16, 2025 · The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up May 13, 2025 · The U. Photo: Iranian Mar 28, 2024 · Oil revenue is a lifeline for the Iranian and Russian economies, but Western sanctions have jeopardized both countries’ ability to ship oil and receive payments. Aug 28, 2025 · What would happen if Iranian oil – a heavily sanctioned but vital supply for China – suddenly stopped flowing? US pressure and the possible “snapback” of UN sanctions could choke off Iran’s clandestine crude exports, testing Beijing’s energy security, raising costs for its industry and dealing a financial blow to Tehran in a high-stakes geopolitical showdown. Jun 24, 2025 · China is closely watching whether Israel and Iran can broker a ceasefire. sanctions on Iran. Jan 9, 2025 · Iran is seeking to reclaim approximately 25 million barrels of its oil, valued at $1. sanctions by having the oil transferred from ship to ship in the middle of the sea. Apr 10, 2025 · Today’s action includes the designation of a second China-based crude oil and petroleum products storage terminal that has a demonstrated pattern of violating U. Beijing gets much of its crude oil imports from Iran through a "dark fleet" of vessels to evade American sanctions. embargo . The Iranian crude imports by the Chinese independent refineries reached an Jun 4, 2025 · Iran’s crude oil shipments to China fell sharply in May as tighter US sanctions and seasonal refinery maintenance weighed on flows, Bloomberg reported on Wednesday, citing preliminary ship-tracking data and market analysts. Jan 12, 2025 · Iran has begun shipping oil stored in China with Beijing's approval, sources told The Wall Street Journal, about two weeks after Iran International reported Tehran's determination to sell off the supplies ahead of harsher sanctions expected under Donald Trump. 75bn (IR73. WSJ’s Austin Ramzy looks at just how much influence Beijing has. Jan 28, 2025 · The oil was imported by China before 2019 as a precaution when Trump imposed sanctions on Iran’s exports but granted China temporary waivers. S. According to the Jun 24, 2025 · Iranian oil accounts for roughly 13. 2 million bpd this week, Kpler says Tankers are loading one-by-one at Kharg Island Floating storage is moving close to China to shield buyers from potential Jun 26, 2025 · Yet if he did lift sanctions on Tehran’s oil exports, the ripple effects of his U-turn could be felt far beyond Iran—in China, Russia, and even the United States. The unofficial value of Chinese imports from Iran, however, Jun 24, 2025 · While U. May 13, 2025 · The network facilitated the shipment of oil worth billions of dollars to China on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy, Treasury said. Aug 29, 2024 · China is importing record amounts of Iranian oil despite US sanctions, using Malaysia as a transshipment hub to mask the crude's origin. 8 million barrels per day in March. “Beijing simply can’t afford to walk away from the oil from Russia and Iran,” he said. R. 26 billion worth of goods from Tehran. Treasury Department on Tuesday imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from Iran and the United Nov 5, 2024 · Iran’s crude oil going to China these days is priced at its narrowest discount to Brent in five years as Iranian cargo loadings slumped last month amid fears that Israel would target Tehran’s Jun 14, 2025 · Iran’s oil ministry blamed Israeli drones for attacking part of the South Pars natural gas field, one of the world’s largest, and a refinery, causing fires at both. STUNNED! China & Iran BREAK Malacca Chokehold — Oil Flows Freely to Beijing! Uploaded by Matthias Chang In early March 2025, China and Iran announced the official launch date of the long-awaited China-Iran railway—a massive breakthrough in regional connectivity and global trade. Iran, P. sanctions that were reimposed in 2019 and maintained under the present administration, with the stated aim of reducing Jun 24, 2025 · U. May 29, 2025 · In what could only be termed as a geopolitical coup, the first freight train from China rolled into Iran this week. Dec 2, 2024 · China's independent oil refiners are shifting away from Iranian crude due to the anticipation of stricter sanctions under the Trump administration, leading to a diversification of their oil import Jun 30, 2025 · Teapot refineries in China drive the oil demand as Iran front-loads shipments in June as fear of war loom. sanctions on Tehran could tighten supplies, traders and analysts said. May 5, 2025 · May 5, 2025 | The National Interest How to Disrupt the China-Iran Oil Trade To squeeze the Islamic Republic’s oil revenues, U. Since 2021, nearly all Iranian 1 day ago · The China–Iran oil-for-weapons trade loop, rooted in their 2021 Comprehensive Strategic Partnership, enables Iran to finance its military and proxy operations through covert oil exports while acquiring Chinese military technology. Additionally, the United States is designating numerous firms, vessels, and vessel captains involved in facilitating the […] Jun 18, 2025 · More than 90% of Iran’s oil exports now go to China, according to data from commodities intelligence firm Kpler As tensions rise between Israel and Iran, the world’s oil markets are watching Sep 17, 2025 · Discounts for Iranian oil in China have widened on record stock levels at a major refining hub and as a shortage of import quotas towards year-end hindered buying by independent processors, six Nov 10, 2023 · China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U. 199zc ub8 bzgdv9 yaljyoo 0hwp cwq oslq eot oy 0t