The vast majority of Iranian oil cargoes remain destined for China, despite the US government saying a relaxation of sanctions on Iran would redirect supply to other markets, researchers have found.  The US Department of the Treasury issued a general licence on March 20 allowing the sale and delivery of previously sanctioned Iranian oil and petroleum products, including cargoes transported via ‘dark fleet’ vessels, provided they had been loaded…
  • sodium_nitride [she/her, any]@hexbear.netEnglish
    18·
    3 months ago

    Ironically enough, the Japanese government seems to have rejected Iran by rejecting the deal of letting tankers headed for Japan pass if they were being paid in yuan.

    So basically Japan, in subservience to the US (and probably south Korea too) are willing to commit economic suicide. That’s the other part of this.