Economics
China’s Iran Crude Imports Rise to Highest Since Sanctions
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China’s imports of crude from Iran rose to the highest level since the West increased sanctions on the Persian Gulf nation in July.
China, the world’s second-biggest crude consumer, purchased 1.94 million metric tons of oil from Iran last month, according to figures from the General Administration of Customs today. That’s equivalent to 458,000 barrels a day, the highest level since June and up 19 percent from September’s 384,000 barrels a day, the data show. Shipments fell 23 percent from October 2011.