China remains Iran’s top crude oil and condensate importer. According to S&P Global Platts’ sources, in recent months a large share of Iranian oil flowing to China has been going via the UAE and Malaysia, both of which are popular hubs for ship-to-ship transfers.
Sources said oil flows to China from Iran dramatically decreased over the past year. Nevertheless, China continued offloading Iranian oil from its bonded storage in Dalian, located in the north of the country.
Data showed that Iranian crude and condensate exports to China averaged around 225,000 barrels a day in the second half of 2019, compared to 400,000 bpd in the first half. In 2018, Iran exported around 650,000 bpd of oil to China.
It is as simple as that - countries just have to ignore US in their trade , there are a lot of much better alternatives and they can trade directly , without US "interventions"(eq. stealing)
Although it may sound simple......it is not, if it were, it would have been done already.
It has not been done so far not because it is complicated but because US "bully" doesn't want it .
how can you do that trumpi??? Chinese are not afraid of your nonsense sanctions...!
特朗普你敢这样做？？？ 中国人不怕你们这些无聊的制裁... ！
Kowtow to the US and they will never stop blackmailing China and others
That will happen as the majority of Americans are less and less able to buy goods. This could happen quicker than expected in USA
The US is sanction crazy and soon no one will give a crap about them.
Tell the USA to, shove it.
We should all just pay less attention to what the US thinks, says, and threatens. They can do whatever they want, and so can the rest of the world.
bullying again, gangsters?
real estate speculator criminals trying to play trade chess with Iran and China.
Wiser people know how that will end.
All countries have to rid themselves of that counterfeit worthless IOU called the US dollar. Only that can set you free
John Francis Scully
The US is starting to crumble you can see the panic now watching there dollar's value shrink through withdrawals in large sums
The arrogance and US economic terrorism around the world will end as soon a the petrol-dollar will cease to exist
If China goes along with this, it will look weak.
I keep thinking China has a clever plan and it is biding its time for the right moment.
The USA has become mentally unstable and beyond reasoning as the country goes for BUST under the leadership of TRUMP and the Bankers
Nations around the world need to step up and tell the US "Your laws and regulations are only for US soil and they have NO authority or power here"... Unilateral US sanctions are illegal and forcing other nations to abide by those against their will with the threat of economic or/and military power needs to stop
so your saying you guys need to be in the ME destroying every country killing millions is a must so your dollar doesnt loose value?
I think he’s saying that’s the reason for the horrendous US foreign policy: dollar hegemony can only be maintained by bullets and bombs.
Are these bullshit still talking their same trash ?
Sanctions is an economical warfare. If any other missiles are going to be coming down on your head, you better not be blaming anybody else.
And what 96% is he talking about anyway ? - both China and Turkey are still buying Iranian oil the same as before.
Delusional yankee, you won't break Iran, and you won't tell China what to do.
I think the whole world finds American politicians absolutely laughable, what a bunch of clowns bumbling about. It won't be long till everyone starts telling them they can take their US clown-backs and go away (probably in not quite those terms, ha, ha). I know the country is full of good, intelligent caring people, unfortunately the idiots at the helm make everyone in the country now the butt of the jokes, and targets for worse, worldwide.
Clearly, once you give in on anything, the US will push for more, and they will keep pushing until you become a vassal state.
The US government is doing everything it can to stop rivals from developing.
The World must STOP trading with the USA a country that is bankrupt
Here's the kicker... Heating Fuel is distributed free in China... not bad for a Country that has to import all of it. So how much are Americans paying for their heating fuel living in the USA, the World's leading producer of oil?
Well, the US Sociopaths In Charge are insane after all. Unfortunately, they currently happen to have the biggest stick, the dollar. They have sanctioned Russia, have threatened to sanction the EU and now China. Since sanctions are an act of war, the US Sociopaths In Charge are now at war with most of the world.
Stop thieving Syrias oil. It is time to declare war against the US terrorists.
China needs to remind Trump that it is not part of the EU that grooves at Trump's feet. China can meet US sanctions and close access to it's markets by all US companies. China and Russia should continue to do business with Iran. The US doesn't own them. Iran needs to tell the EU it will return to talks about the treaty only after the EU fulfills its obligations to it. Saving the treaty is the responsibility of the EU to do what they promised. Iran had been doing that for years.
I don't condone it, but I'm starting to understand why so many Iranians join in to sing, "De@th to America!!"....
The statement that Washington has managed to cut off 95% of Iran's oil export is not true.
I’m sure China has been planning for this.
Trump needs a trade deal with China, China should leverage this deal for the Iranian oil.
China knows this whole fuss US is making on Iran is because it wants to deprive China of Iranian oil vital for China to sustain its own economic growth. This is why China is aiming to investing massively In Iran's oil sector and infrastructure in the future. The reason China will give Trump the finger.
The reality is US is in no position to tell China what and what not to do. US as usual will be faced with massive humiliation when China gives Trump the finger like it has many many times in the recent past.
You do realize that Russia is a huge producer of oil and gas, right?
There is no difference between Iran and Russia for Washington. They have tried "color revolutions" in both countries, and large sanctions. Ukraine fell under American control. If Iran returns to Anglo-American control, the next to fall will be Russia...
China will be ok. Notice the way they vaguely said they would buy more US ag products without specifying how much?
Whole US is made in China. China should close all US factories in their country.
This is why the world needs another or alternative international payment system that the US cannot control or weaponize.
Plus China and Russia and India and the third world had better band together and turn away from the US en masse. If they give in now they will forever be subject to US blackmail.
The Chinese ruling class is independent like the Russian ruling class, another capitalist class can not control them. Capital itself is one of the enemy of the capitalist class, it force them to expand, to compete, and to get into wars against each other
China stand up to this yankee blackmail.
We are the largest consumer of China's products. One wrong move by China we will bring down its economy.
The Chinese are starting to trade more and more with Africa, and of course they trade with the EU. The belt and road initiatives will be a total game changer. They are probably stringing the clueless US along until - wham!
if i was religious, id say that the US and its cabal are the prophesied biblical revalations beast system
I'm sure that there will be some sanctions on the PRC but only for show. The US will make a big noise about sanctioning the PRC but they will amount to nothing that will harm US/PRC trade. They will sanction some officials who don't travel or own anything in the US so that they can say they are taking a tough stand.
Keep negotiating to buy time and prepare.
China has hardly any options. It may make some proforma statements but in the end will stop purchase of oil from Iran. We did the same thing when US asked India to stop buying oil from Iran.
Why would China give up its alliance and oil? It’s already under US sanctions. Big deal. China needs Iran. I believe it will fight for Iran, although it will try to avoid war, as will Russia. These are civilized countries, unlike the US