Iranian trade

Latest news and articles about Iranian trade from NEX English

China defies US sanctions on oil refineries amid rising tensions

China has issued directives to companies not to comply with US sanctions imposed on five Chinese oil refineries accused of trading in Iranian fuel. This move signals a significant escalation in Beijing's confrontation with American influence.

Utilize Secret Codes and Yuan Fees to Facilitate Ship Passage

Bloomberg has revealed the use of 'secret codes' and 'yuan fees' to allow certain ships to pass through the Iranian toll collection point in the Strait of Hormuz, facilitating maritime navigation in the Gulf. This move is part of Iran's efforts to boost its maritime trade amid economic sanctions.