China’s Oil Imports from Iran Rise despite US Threats

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China imported more than 900.000 barrels per day (bpd) of crude oil from Iran in July. up more than 8 percent from the month before. data released by China`s General Administration of Customs (GAC) on Tuesday showed.

The imports by the world’s largest oil buyer and more importantly the increase in shipments came despite Washington’s threat to punish companies after ending waivers to unilateral sanctions on Iranian oil on May 2.

According to GAC figures cited by Bloomberg. China lifted 926.119 bpd of Iranian oil in July. up 4.7% month on month.