Tarab seeks to limit oil flows between Iran and China and shadow tanker operations
An economic report expected that US President-elect Donald Trump, who will be officially inaugurated on January 20, will aim to limit oil flows between Iran and China and shadow tanker operations.
< p>The “Oil Price” platform stated: – In a report – Iranian oil exports increased under the administration of US President Joe Biden, but they face possible declines with the return of Trump.
The platform added that while China remains the largest consumer of Iranian oil, the growth of its demand is slowing. Due to economic challenges and the booming electric car sector.
International circles hope to reach a new nuclear agreement with Tehran after the Trump administration nullified the 2015 Joint Comprehensive Plan of Action agreement. During Trump’s first term; Iranian oil production fell from 3.8 million barrels per day in early 2018 to less than two million barrels per day in late 2020.
In contrast, production rose under Biden to 3.2 million barrels per day, and China is the largest customer. For Iran, as Iranian crude represents 13% of its imports.
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