China Restarts Purchases of Iranian Oil, Bucking Trump’s Sanctions

YemenExtra

M.A.

On the same day that Iranian foreign minister Mohammad Javad Zarif traveled to Beijing for talks on “regional and international issues,” the Chinese oil tanker PACIFIC BRAVO began traveling eastward, having loaded approximately 2 million barrels of Iranian oil from the Soroosh and Kharg terminals in the Persian Gulf over the past few days.

PACIFIC BRAVO is the first major tanker to load Iranian crude after the Trump administration revoked waivers permitting the purchases by eight of Iran’s oil customers. The revocation of the waivers, which sent shockwaves through the global oil market, was a major escalation of Trump’s “maximum pressure” campaign on Iran.

Source: Almanar