China Escapes Sanctions Despite Continued Oil Purchases from Iran Amid US Offensive

While Washington targets Iranian exports and related shipping entities, major Chinese financial institutions remain untouched despite accounting for roughly 80% of Iran's oil sales.

26 Aug, 12:40 — 26 Aug, 12:40

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fortune1h ago

The U.S. declared an ‘onslaught’ on Iran. China’s banks got a pass

China buys 80% of Iran's oil exports. Treasury sanctioned a tanker and a Hong Kong shipper — not the banks tied to the U.S. financial system.

By Didi Tang, Farnoush Amiri, The Associated Press

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China Escapes Sanctions Despite Continued Oil Purchases from Iran Amid US Offensive

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The U.S. declared an ‘onslaught’ on Iran. China’s banks got a pass

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