Summary
China is closely monitoring the situation between Israel and Iran because it imports a large amount of oil from Iran. Despite U.S. sanctions, China continues this trade, helping Iran economically. China uses a "dark fleet" of ships to transport the oil, avoiding official channels.
Key Facts
- China is the largest buyer of Iranian oil.
- Iran sends about 90% of its oil exports to China.
- The U.S. has sanctions against buying oil from Iran to prevent funding for Iran's military.
- China buys Iranian oil at a lower price, about 8% less than market rates.
- Oil is transported using a "dark fleet," a group of ships that bypass official shipping systems.
- These ships often change the origin labels of oil shipments to disguise them.
- This oil trade keeps Iran's economy stable, letting the country withstand economic pressure.
- China does not engage militarily in the region but holds political influence in Iran.
