Iran Ramps Up Oil Exports as China Pulls Back on Russian Crude
Share
Iran is ramping up oil exports and benefiting from a rise in oil prices as its main buyer, China, pulls back on its purchases of Russian oil due to the war with Ukraine.
Iran oil exports—which go almost exclusively to China apart from rare deliveries to Syria and Venezuela—rose to 870,000 barrels a day in the first three months of the year, an increase of about 30%.
Iran’s growing exports illustrate how the invasion of Ukraine is redrawing the world’s energy trade routes, as energy consumers look for alternatives to Russian oil and gas to avoid Western sanctions.
Read more from The Wall Street Journal
RELATED TOPICS:
Sell-off Worsens Worldwide and Dow Drops 1,000 After China Retaliates Against Trump Tariffs
Economy /
34 minutes ago
Visalia Man Arrested in Child Exploitation Investigation
Crime /
39 minutes ago
It’s Time to Love Your Desk Lunches
Food /
48 minutes ago
Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him
Politics /
15 hours ago
China Halts Approvals for New US Investment Projects
Economy /
16 hours ago
Trump Tariff Fears Erase $2 Trillion From US Stocks
Economy /
17 hours ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Samantha Jenny Audelo
April 4, 2025
Most Wanted Person of the Day
Suspect Name: Samantha Jenny Audelo
Suspects Date of Birth: January 18, 1986
Physical Descriptio...
Crime /
11 minutes ago
Categories
Latest
Videos

Crime /
11 minutes ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Samantha Jenny Audelo

Crime /
19 minutes ago
Russell Brand Charged With Rape, Sexual Assault

Economy /
34 minutes ago
Sell-off Worsens Worldwide and Dow Drops 1,000 After China Retaliates Against Trump Tariffs

Crime /
39 minutes ago
Visalia Man Arrested in Child Exploitation Investigation

Food /
48 minutes ago