Trump imposes sanctions on Chinese groups Iranian oil shipments

Quick Summary:

The first vessel, an Iranian-owned ship called the Golbon, later departed China and has since arrived at Bandar Abbas, a port in southern Iran on the Gulf.

Iran’s crude oil exports have more than trebled in the past four years, from a low of 400,000 barrels a day in 2020 to more than 1.5mn b/d in the first three quarters, with nearly all shipments going to China, according to the most recent information from the US Energy Information Agency.

The US said the sanctions were part of a stepped-up campaign designed to eliminate Iranian oil exports, including to China.

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Article Details

Author / Journalist: Demetri Sevastopulo

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong Kong

Topics: Financial Campaign Chinese Iran Trump State Sanctions Treasury Crude Iranian China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 16:14:01 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27195056

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