Iranian Oil Exports to China Rebound ...Middle East

Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted a number of tankers, trading entities, and shipping companies as participants in sanctioned oil trade. The February average of Iranian oil exports to its biggest buyer is set to average 1.74 million barrels daily, according to preliminary data from Kpler cited by Bloomberg. The figure is an 86% increase from January flows. The boost in…

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