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Despite U.S. sanctions, Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 on higher shipments to China and Venezuela. To evade sanctions, most of Iran's crude exports to China, their biggest customer, are rebranded as crude from other countries. 

Iranian Oil Exports End 2022 At a High, Despite No Nuclear Deal

Despite U.S. sanctions, Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 on higher shipments to China and Venezuela. To evade sanctions, most of Iran’s crude exports to China, their biggest customer, are rebranded as crude from other countries. 

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