Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up as a result of the reinstated US blockade of Iran's ports on 21 August 2026. The measure is proving effective at choking off revenue to Tehran.
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The amount of Iranian oil that’s readily available to Chinese buyers is rapidly running out, showing the effectiveness of the US blockade of the country’s ports at choking off revenue to Tehran.
🛢️ #Oil "Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next…"