NYT is in line with #Iran regime apologists/lobbyists who were claiming Tehran was exporting large amounts of oil to China.
Knowing their nature, I had a strong feeling they were lying.
Here’s the proof.
bloomberg.com/news/articles/…
“Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to China where it’s being put into what’s known as ‘bonded storage,’… This oil doesn’t cross local customs or show up in the nation’s import data…”
“The bulk of Iranian oil in China’s bonded tanks is still owned by Tehran…” meaning the oil has been placed in Chinese storage tanks, yet no Chinese company is purchasing, knowing it would be in breach of U.S. sanctions."
“Some of the crude, though, is owned by Chinese entities that may have received it as part of oil-for-investment schemes. For example, a Chinese oil company could have helped fund a production project in Iran under an agreement to be repaid in kind...”
(Tehran is in debt.)
This proves:
-Iran is actually in debt & is paying China.
-Iran is not receiving any money, especially U.S. dollars, for this oil.
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