Iran’s top customer for oil, China, massively increased its purchases in the first three weeks of June just before Israel began striking Iranian nuclear sites.
According to ship tracking services, China hauled in over 1.8 million barrels per day (bpd) of Iranian oil in the first 20 days of June, a huge increase from the 1 million bpd it was averaging in May. Official Chinese customs reports absurdly insist China has not purchased any oil from Iran since 2022.
The oil surge does not necessarily imply China knew the “12-Day War” was coming, although Beijing would surely have been aware of growing regional tensions and the imminent possibility of…
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