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Beijing accuses US of ‘wrongdoing’ over sanctions on Chinese oil trader

China says the US sanctions on Zhuhai Zhenrong for trading with Iran is ‘illegal’. Lloyd’s List data shows restricted trade has forced Iran and its main customer, China, to deploy a fleet of older tankers and employ strategies to disguise the origin, cargo and destination of any crude or condensate that sails from Iran

An estimated 650,000 bpd shipped from Iran last month, analysts estimate with the ‘official’ figure seen much lower than that

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