Among others, the list includes crude oil intermediaries from United Arab Emirates and Hong Kong, already maritime operators of the India and China. This measure is part of the president's promise Donald Trump to “reduce to zero” Iran's crude oil sales, with the aim of preventing it from obtaining the funds necessary to advance its nuclear program.
Thus, it is expected that in the coming months the US administration will approve more measures to make trade relations as difficult as possible. TehranAll this is happening at a very favourable time for the country's energy industry.
According to estimates by the energy agency United States According to the EIA, crude oil production exceeded 4,5 million barrels per day in 2024, the highest figure in the last six years. This has brought exports to over $50.000 billion. China It is by far the main destination for hydrocarbon sales. To avoid sanctions, Beijing and Tehran They have developed a network of intermediaries who mainly use the Chinese yuan as currency.
Source: CESCE
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
