
Declining Iranian Oil in Chinese 'Teapots'
There is a noticeable decrease in Iranian oil being processed by Chinese 'teapot' refineries. This trend raises questions about the dynamics of oil trade between the two nations.
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There is a noticeable decrease in Iranian oil being processed by Chinese 'teapot' refineries. This trend raises questions about the dynamics of oil trade between the two nations.

China's Commerce Ministry has officially blocked US sanctions targeting five Chinese 'teapot' refineries accused of buying Iranian oil. This move instructs Chinese firms to ignore the American penalties, signaling Beijing's defiance against Washington's efforts to curb Iran's oil exports.