Iran has been selling 1.6 million barrels of oil per day to China, in direct violation of US sanctions. US Treasury documented it and OFAC sanctioned the buyers by name One chinese refinery alone bought over $1 billion in sanctioned Iranian oil. The buyers are called ‘teapot refineries’. Small independent processors in Shandong, operating under Beijing’s import quotas with no exposure to Western banks. The oil moves on shadow tankers with fake flags and fake documents. 300 million barrels were sitting on tankers at sea as recently as this year. US Treasury confirmed that over half of Iran’s oil revenue ($50 billion/year) went straight to the IRGC. Which funded Hamas, Hezbollah and the Houthis. The missiles flying over Dubai right now were bought with money from Chinese refineries in Shandong. You can’t negotiate with a regime pulling in $50 billion a year through a black market China built for them.
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This war is not about nuclear weapons
Iran has been selling 1.6 million barrels of oil per day to China, in direct violation of US sanctions. US Treasury documented it and OFAC sanctioned the buyers by name
One chinese refinery alone bought over $1 billion in sanctioned Iranian oil.
The buyers are called ‘teapot refineries’. Small independent processors in Shandong, operating under Beijing’s import quotas with no exposure to Western banks. The oil moves on shadow tankers with fake flags and fake documents. 300 million barrels were sitting on tankers at sea as recently as this year.
US Treasury confirmed that over half of Iran’s oil revenue ($50 billion/year) went straight to the IRGC. Which funded Hamas, Hezbollah and the Houthis.
The missiles flying over Dubai right now were bought with money from Chinese refineries in Shandong.
You can’t negotiate with a regime pulling in $50 billion a year through a black market China built for them.