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When Iran launched more than 300 missiles and drones targeting Israel in mid-April, the issue of strict sanctions on Iran's oil exports, on which the country's economy depends, was again discussed.
Despite measures against Iran, its oil exports reached a six-year high in the first four months of 2024, amounting to US$35.8 billion as Iran's customs chief.
But how is Iran able to evade sanctions on its oil exports?
The answer lies in the trade strategy of their biggest buyer, China. 80% of Iran's total oil exports go to China, according to a report by the US House Financial Services Committee, Iran exports about 1.5 million barrels of oil to China every day.
