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US to Pressure China for Buying Increased Iranian Crude Volumes

OIL

The US will try to put pressure on China to stop importing Iranian oil according to the Biden Administrations top Iran envoy.

  • “China is the main destination of illicit exports by Iran,” and talks to dissuade Beijing from the purchases are “going to be intensified,” US Special Envoy for Iran Robert Malley said in a Bloomberg Television interview Monday.
  • The US will “take steps that we need to take in order to stop the export of Iranian oil and deter countries from buying it,” Malley said. “We have not lessened any of our sanctions against Iran and in particular regards to Iran’s sale of oil.”
  • Vortexa figures showed record levels of Iranian oil being imported into China in December.

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