Iran-China Oil Flows Persist Despite U.S. Crackdown

The tightened U.S. sanctions on Iranian oil flows under the Trump Administration’s renewed maximum pressure campaign have created chaos in Iran’s oil exports to its single biggest buyer, China. However, Iranian exports to China, which buys around 90% of the Islamic Republic’s oil, continue as traders and middlemen rearrange tanker flows and increase ship-to-ship transfers, especially offshore Malaysia, vessel-tracking analysts say. The latest U.S. sanctions have managed to disrupt trade as the number of non-sanctioned tankers…