China buys more Iranian oil now than it did before sanctions, data shows

China buys more Iranian oil now than it did before sanctions, data shows

Chinese imports exceeded 700,000 barrels per day (bpd) for January, according to estimates of three tanker trackers, surpassing the 623,000 bpd peak recorded by Chinese customs in 2017 before former U.S. President Donald Trump reimposed sanctions in 2018 on Iranian oil exports. U.S. President Joe Biden's administration has so far chosen not to enforce the sanctions against Chinese individuals and companies...

Ref: www.reuters.com

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