China Remains Top Buyer of Iranian Oil Amid Sanctions
China buys over 80 percent of Iran's oil exports to reduce costs. Independent refiners now face higher prices and supply risks following new US sanctions.
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Xurve View
China has solidified its position as the primary global buyer of crude oil from Iran, though the trade environment faces new variables following a 30-day sanctions waiver issued by the United States. By maintaining significant import volumes from sanctioned producers including Venezuela and Russia, the world's largest crude importer has saved billions of dollars on its energy bills in recent years.
