Energy

Iranian Oil Supply to Chinese Refiners Squeezed by US Blockade - Bloomberg.com

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DW NOTE

The Strait of Hormuz has been effectively closed for four days — one ship through versus the usual seventy-three per day. Iran's discount barrels to China aren't being squeezed by a blockade; they're being squeezed by the fact that no one can physically move the oil. This isn't sanctions enforcement, it's a chokepoint shutdown.

Read the full story at Bloomberg.com →

The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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Iranian Oil Supply to Chinese Refiners Squeezed by US Blockade - Bloomberg.com

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