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🇮🇷🇨🇳 Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20

According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.

Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.

Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.

My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.

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56.3K viewsedited Jun 28 at 02:50

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Create: 2025-06-28
Last Update: 2025-06-30 17:29:39

🇮🇷🇨🇳 Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20

According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.

Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.

Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.

My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.

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Date: 2025-06-30|

In 2018, Russia banned Telegram although it reversed the prohibition two years later. Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. In 2014, Pavel Durov fled the country after allies of the Kremlin took control of the social networking site most know just as VK. Russia's intelligence agency had asked Durov to turn over the data of anti-Kremlin protesters. Durov refused to do so. In a message on his Telegram channel recently recounting the episode, Durov wrote: "I lost my company and my home, but would do it again – without hesitation." One thing that Telegram now offers to all users is the ability to “disappear” messages or set remote deletion deadlines. That enables users to have much more control over how long people can access what you’re sending them. Given that Russian law enforcement officials are reportedly (via Insider) stopping people in the street and demanding to read their text messages, this could be vital to protect individuals from reprisals.
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