China Stands Alone as Iran's Top Oil Buyer After Sanctions Gutted Its Customer Base

Since the U.S. quit the JCPOA in 2018, South Korea, Japan, India, and Europe retreated under sanctions pressure, leaving Beijing—buying at steep discounts outside formal channels—as Tehran's essential revenue lifeline.

ndtv-profit-business · 7/3/2026, 3:16:38 PM · Ask about this →