China has seen a significant uptick in crude oil imports from Indonesia in recent months, hinting at potential new approaches to obtain Iranian oil despite U.S. sanctions. According to Bloomberg, Chinese customs data reveals a substantial increase in imported Indonesian crude, reaching 2.7 million tons. This surge in imports points to Beijing possibly finding fresh ‘workarounds’ to circumvent restrictions on Iranian oil trade imposed by the U.S.
Sharp Increase in China-Indonesia Oil Imports Indicates Potential Iranian Oil Access
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