Why Iran Oil Sanctions in China May Not Be as Effective as Trump Hopes

i News

"Washington has long sought to eliminate Iran’s oil exports, but according to an October 2024 report by the U.S. Energy Information Administration, Iran is estimated to have generated $253 billion in oil revenue during both the Biden and Trump presidencies, between 2018 and 2024. According to the nonprofit group United Against Nuclear Iran, 587 million barrels of oil were transported from Iran in 2024, with at least 91% of it going to China."