Will Trump Risk a Clash with China over Iran Tariff?

. . . To keep sanctioned oil flowing, Iran relies on a sophisticated shadow-fleet network, including ship-to-ship transfers—often in Southeast Asian or Arabian Gulf waters—and the relabeling of oil cargoes as originating from other countries, such as Malaysia or the United Arab Emirates (UAE). An oil tanker tracker by the US nonprofit United Against Nuclear Iran estimated that China received 19.5 million barrels of Iranian oil last year. The shadow trade is estimated to generate $43 billion (€37 billion) annually in unreported revenue for the Iranian government, according to the US Energy Information Administration (EIA).