Iran Seeks to Sell 25 Million Barrels of Stranded Oil Worth $1.7 Billion from China After Six Years

Jan 8, 2025, 11:40 AM

Iran is seeking to recover approximately 25 million barrels of oil, valued at $1.7 billion, that have been stranded in Chinese ports for six years due to sanctions imposed by former U.S. President Donald Trump. Reports indicate that Iran is pressuring China to allow the sale of this oil, which has been held up in ports like Dalian and Zhoushan. The stranded oil has been in limbo since the sanctions were enacted, and Iranian and Chinese sources confirm the ongoing negotiations for its release.