China Buys More Oil From Iran and Venezuela… WSJ

March 19, 2021 by Jim Colburn Leave a Comment

Benoit Faucon and Ian Talley, Wall Street Journal, write about Iranian and Venezuelan sales to China, here…

“China is expected to import 918,000 barrels a day from Iran in March, which would be the highest volume since a full U.S. oil embargo was imposed against Tehran two years ago, according to commodities-data company Kpler.”…

“China’s oil purchases from Venezuela, where the U.S. has been trying to use sanctions to pressure the Maduro regime into holding credible democratic elections, also are growing, according to London financial data provider Refinitiv.

Rising oil shipments to China, Iranian and Venezuelan officials said, followed Mr. Biden’s offer of relief to Iran in return for the country’s compliance with an international nuclear agreement and to Venezuela if it organized free elections. Mr. Trump pursued a policy of escalating sanctions pressure against both countries.”

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