Official announcements from the U.S. Department of State or Treasury

Iran Ships Nearly Three Million Barrels of Oil from Chinese Facility Approved by China on January 11, 2025

Jan 11, 2025, 12:06 PM

Iran has shipped nearly three million barrels of oil from a Chinese storage facility as it seeks to generate funds amid ongoing U.S. sanctions. The shipment has been approved by China, according to reports from the Wall Street Journal. This move is part of Iran's strategy to raise money that could potentially support its allied militia groups in the Middle East. The shipment underscores Iran's efforts to navigate the challenges posed by international sanctions while maintaining its oil export capabilities.