Iran is gearing up to shift stockpiles of its crude in Chinese ports ahead of any tighter US sanctions.
Oil analysis company Kpler said it had been told by market insiders that the government is seeking to sell about 20m barrels from storage in China’s Dalian and 5m barrels held in Zhoushan.
The oil, imported before sanctions were enforced in 2019, is officially recorded as originating from Iran.
