China’s import of Iran’s oil jumps

YEREVAN, NOVEMBER 15, ARMENPRESS. China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions, Reuters reported.

China, the world's largest crude importer and Iran's top customer, bought an average 1.05 million barrels per day (bpd) of Iranian oil in the first 10 months of 2023, according to shiptracking data from Vortexa. According to the source, this is 60 percent above pre-sanction peaks recorded by Chinese customs in 2017.