Iran has reportedly managed to ship record volumes of oil to China below the radar of the US economic penalties that have banned the Islamic republic from selling its crude to China, India, Japan and South Korea since 2018.
China has never halted imports of Iranian crude completely, despite the US sanctions, with most shipments reportedly being indirect, officially identified as oil from the other Gulf states.
The Islamic republic has shipped some 17.8 million tons of crude to Chinese ports over the past 14 months, with volumes hitting historic highs in January and February, according to Refinitiv Oil Research, the energy-focused unit of the global provider of financial market data and infrastructure Refinitiv, as quoted by Reuters. (RT)
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