Iran’s Oil Lifeline Faces ‘Biggest Test Yet’ as China Steps Back
Iranian oil shipments to China, a resilient trade that’s survived years of US sanctions to provide a crucial economic lifeline to Tehran, is coming under huge strain from waning demand...
By Rong Wei Neo, Sarah Chen · Bloomberg Markets
Iranian oil shipments to China, a resilient trade that’s survived years of US sanctions to provide a crucial economic lifeline to Tehran, is coming under huge strain from waning demand and an American blockade.