‘25mn Barrel…’ Iran Rushes ‘To Sell China-Stored Oil’ To ‘Raise Funds’ For Allies Amid Israel Threat

‘25mn Barrel…’ Iran Rushes ‘To Sell China-Stored Oil’ To ‘Raise Funds’ For Allies Amid Israel Threat

ran has shipped nearly 3 million barrels of oil from a Chinese storage site to fund militias in the Middle East. The oil comes from a 25-million-barrel stockpile sent to China in 2018, initially to avoid US sanctions. China approved the shipment after discussions with Iranian officials, despite previous hesitations. This oil is vital for Iran’s economic survival, especially after regional conflicts weakened militias. Tensions may rise with the US as President-elect Trump takes office, signaling a return to tough sanctions. n18oc_crux