Exclusive: China's Profit from Iranian Oil Through Shadow Fleet and Discounts Amid Gulf Tensions

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China Profits from Iran's Discounted Oil Amid Gulf Tensions, Gains Military Edge

Beijing is reportedly securing Iranian crude at $8-$12 per barrel below Brent benchmarks, saving billions of dollars annually while strengthening its energy security.

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News18•11-03-2026, 11:53

China Profits from Iran's Discounted Oil Amid Gulf Tensions, Gains Military Edge

•China secures 80-90% of Iran's oil exports (1.3-1.6 million bpd) at $8-$12 below Brent, saving billions and boosting energy security.
•A "shadow fleet" of nearly 400 vessels covertly transports sanctioned Iranian crude to China, using spoofing and relabeling tactics.
•The illicit trade generates $25-30 billion annually for Iran's IRGC, providing a critical financial lifeline.
•The Gulf conflict offers China's PLA real-time military intelligence on Western tech and tactics, refining its operational strategies.
•China expands its influence in West Asia, countering US presence while accelerating its shift towards renewable energy.

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