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According to Ship tracking data, Kpler estimates that at least five supertankers loaded Iranian LPG in May and June heading for China. That would equate to around $100 million of the gas, according to Bloomberg calculations. Chinese buyers turned to Iran after Beijing slapped a 25 percent tariff on the gas imports from U.S. last August as the trade tussle heated up between the two nations. Iran accounted for around a third of imports in April, before Donald Trump imposed new sanctions on the country in May, aiming to block its energy exports. To avoid running afoul of the U.S. sanctions, LPG importers in Asia’s largest economy would have to turn to more expensive supplies from elsewhere in the Middle East or Africa.
"Entities that continue to engage in sanctionable activity involving Iran risk severe consequences that could include losing access to the US financial system and the ability to do business with the United States or US companies," he said.
originally posted by: underwerks
Funny how we only have a problem with countries who nationalize their oil and gas industries. Oh well. I'm sure it's just coincidence
originally posted by: Sanitarium79
a reply to: Waterglass
Why should China, or any other country care about US sanctions?
The US wants Irans oil, we get it - just leave the rest of the world alone.
originally posted by: Waterglass
a reply to: CriticalStinker
Since you are always shifting who seems [in your opinion] to get a better deal at the end of the trickle down economy, freedoms and lifestlye. A USA or Iran citizen?