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America authorities on Wednesday imposed new sanctions in opposition to Iranian oil corporations and the community of companies that assist facilitate the stream of Iranian crude to markets in East Asia, particularly China.
Yearly, thousands and thousands of barrels of oil are successfully laundered by way of third-party international locations, together with the United Arab Emirates, Oman, and Malaysia, to avoid U.S. sanctions. Most of that crude results in northeastern China’s Shandong province, the place it’s offloaded by impartial refineries generally known as “teapots.”
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