Supplies of sanctioned crude have surged due to hefty discounts, according to Kpler Exports of US-sanctioned Iranian oil to China surged to a 10-year high in August, Bloomberg reported this week, citing data from commodity intelligence company Kpler. Shipments from Iran are expected to reach 1.5 million barrels per day (bpd) this month, the highest since 2013 as rising global prices make the discounted crude more attractive, the outlet said. China imported an average of 917,000 bpd of oil from Iran between January and July this year, Kpler’s estimates showed. As the world’s top crude importer, China has been
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