China’s Imports of Iran Crude at Three-Month High, Vortexa Says
China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict with Israel, according to data from Vortexa Ltd.
Imports rose sharply to over 1.7 million barrels a day last month, compared with 1.1 million in May, the analytics firm said in a note. A surge in early June — just prior to Israel’s strike on Iran — pushed loadings to 2.5 million barrels a day in the first 12 days of the month.