
While new sanctions from the United States threaten to choke Tehran’s oil exports, analysts say the measures might not do much to stop China, Iran’s largest buyer, from continuing to buy Iranian crude, though the naval blockade has limited its flow.
Washington has targeted shipping, alongside four other sectors, under its “economic D-Day” campaign against Iran, aiming to disrupt the Middle Eastern country’s crude revenue. Most of exported Iranian oil flows to independent Chinese refiners located...
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