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Reuters
China’s Iran oil imports plunge as U.S. sanctions bite
BEIJING/SINGAPORE (Reuters) – China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on U.S. sanctions at the start of May. Crude shipment from Iran were 855,638 tonnes last month, or 208,205 barrels per day (bpd), data from the General Administration of Customs showed. According to Refinitiv Oil Research assessments, a total of 670,000 tonnes, or about 163,000 bpd, of Iranian crude oil was discharged in June at Tianjin in north China and Jinzhou in the northeast.
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