China's Iranian oil imports rise to record high despite sanctions
Analysts confirmed on Friday that China's Iranian oil imports rose significantly in June, driven by increased demand from independent refineries and accelerated shipments ahead of the recent Israeli aggression against Iran.
Data from ship-tracking company Vortexa showed that China, the world's largest oil importer, received more than 1.8 million barrels per day (bpd) of Iranian crude between June 1 and 20, the highest level on record, according to the company's data, according to Reuters.
The agency reported that global oil company Kpler indicated that imports of Iranian crude oil and condensate averaged 1.46 million bpd through June 27, compared to 1 million bpd in May, reflecting a significant increase in imported quantities.
Analysts at both companies expect imports to remain at high levels, given that cargo loadings have continued at a robust pace since May.
For his part, US President Donald Trump said last Wednesday that Washington had not retreated from its maximum pressure policy toward Iran, including restrictions on its oil exports.
However, he indicated the possibility of limited relaxation in the implementation of sanctions, with the aim of "helping rebuild the country," as he put it.
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6 days ago
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Saba Yemen
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Saba Yemen
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