News Analysis
In violation of U.S. sanctions, China has been purchasing Iranian oil. Now, the United States may lift the sanctions on Iran to replace oil lost from Russia, in which case China will have cheap oil from Russia.
China, Russian Oil, and the Iran Nuclear Deal
Save
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic and imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, on March 11, 2022. Bing Guan/Reuters
Updated:
