Iran Reportedly Ships Nearly Three Million Barrels of Oil From Storage in China to Help Allies

© Getty Images / Morteza Nikoubazl/NurPhotoAn oil tanker is being pictured in the Persian Gulf near the seaport city of Bushehr, in Bushehr Province, southern Iran, on April 29, 2024.
An oil tanker is being pictured in the Persian Gulf near the seaport city of Bushehr, in Bushehr Province, southern Iran, on April 29, 2024.  - Sputnik Africa, 1920, 12.01.2025
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MOSCOW (Sputnik) - Iran has shipped nearly 3 million barrels of oil from storage in China to raise money to help Tehran-allied forces in the Middle East, the Wall Street Journal reported, citing sources.
According to the newspaper's sources, the oil was taken from a stockpile of at least 25 million barrels that Iran had sent to China in late 2018 when it feared that new sanctions by the first administration of Donald Trump would prevent the country from exporting oil.
China approved Iran's oil exports after talks with Iranian officials in late November and December 2024, sources told the newspaper.
 Chinese Foreign Minister Wang Yi with his Nigerian counterpart Yusuf Tuggar. - Sputnik Africa, 1920, 10.01.2025
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US sanctions against Iran suggest that the White House could impose restrictions on any countries that buy oil from it. In addition, in October 2024, the US Treasury Department issued an order imposing sanctions on all individuals working in the oil and petrochemical sectors of the Iranian economy.
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