Clinton Hints China May Be Exempt From Iran Sanctions – One Day Before Data Show China Buying More Iranian Oil?
As the clock ticks down on the imposition of U.S. sanctions on foreign institutions that do business with Iran, Chinese customs data for May showed that while shipments of oil from Iran were down 2.3 percent from one year earlier, they had also climbed from 388,034 barrels per day (bpd) in April to 521,936 bpd a month later, an increase of 34.5 percent.
Clinton said Wednesday that China had “slowly but surely” been acting to reduce oil purchases from Iran, and that “based on the latest data,” it was moving in the right direction.
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