China lifts refined fuel export restrictions for July
China has decided to lift restrictions on refined fuel exports for the rest of July.
This move comes after China had been restricting refined fuel exports since the US-Iran war began.
The decision allows companies like Zhejiang Petroleum & Chemical Co. to resume fuel exports after a three-month halt.
Iran has recently shipped approximately 40 million to 50 million barrels of oil, with the majority going to China, exceeding the pre-war daily average of 1.5 million barrels.