Iranian Oil

Latest news and articles about Iranian Oil from NEX English

China Blocks US Sanctions on Local Refineries to Protect Firms

China has issued a court order to prevent the enforcement of US sanctions on five local refineries, aiming to safeguard its economic interests amid pressures related to Iranian oil purchases.

Chinese Sinopec Declines to Purchase Iranian Oil Despite US Easing

A senior executive from Sinopec, one of China's largest oil refineries, announced that the company will not buy Iranian oil, despite the US easing some restrictions. This decision highlights ongoing challenges facing the Iranian oil market.