Iranian Oil Trading Network Continues to Trade Sanctioned Crude
A new Iranian oil trading network has been entrusted with selling millions of barrels of sanctioned crude, despite its members still owing billions of dollars from earlier sales. According to documents obtained by Iran International and Oil Ministry sources, this network is responsible for selling millions of barrels of oil that were previously sanctioned by the global community.
The network's members still owe billions of dollars to the government for earlier sales of crude oil. This new development raises questions about how these individuals are able to continue trading with sanctioned assets.
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. The revelation comes as the global community continues to enforce strict sanctions on Iran's energy sector.