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China defies US sanctions with surge in Iranian crude imports as Shandong stocks hit record highs

Invezz Saturday, 12 April 2025 ()
China defies US sanctions with surge in Iranian crude imports as Shandong stocks hit record highsShandong’s crude stockpiles reached record highs in March amid intensifying US sanctions.  This was due to Chinese teapot refiners increasing their imports of sanctioned crude, defying the US sanctions, Vortexa said in a report. China’s seaborne crude imports, driven mostly by record Iranian crude arrivals into the Shandong region, reached 10.6 million barrels per day […]
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