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News ID: 55240
Publish Date : 17 July 2018 - 21:49

China May Buy Even More Iran Oil: WSJ

WASHINGTON (Dispatches) -- Washington's sanctions against Tehran are expected to kick in November, but officials say the main target, Iranian crude oil exports, will likely simply be diverted from one group of buyers to another.
A senior U.S. energy official has told the Wall Street Journal that Washington expects China to buy up much of the oil others won't due to the threat of U.S. sanctions. Beijing, according to the official, will likely make the purchases through the same bank it used during the previous rounds of sanctions to get around US penalties.