How China Keeps Iran's Oil Industry Afloat
About this episode
The episode explores how Iran's oil industry continues to thrive despite U.S. sanctions, focusing on its shipping network to China.
Get your tickets to our L.A. live show here!In the first Trump administration, the U.S. launched a “maximum pressure” campaign to cut Iranian oil from the global market and eliminate Tehran’s biggest source of revenue. Today, Iran sells billions of dollars’ worth of oil every month via a shadow fleet of ships that have been passing through the Strait of Hormuz. WSJ’s Rory Jones takes us inside Iran’s underground network for shipping, processing and selling oil in China. Ryan Knutson hosts. Further Listening: - How Iran's Regime Changed... for the Worse - The Strait of Hormuz Showdown - In Iran, an Uneasy Calm Amid a Cease-Fire Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
People in this episode
Host: Ryan Knutson
Guest: Rory Jones
Topics covered
- Iran oil industry
- China
- U.S. sanctions
- shadow fleet
- global market
- shipping network
Keywords
- Iran
- oil
- China
- sanctions
- shipping
- Strait of Hormuz
- shadow fleet
Mentioned in this episode
Organizations: The Wall Street Journal, Spotify Studios
Places: Iran, China, Strait of Hormuz
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