You are asserting some stuff I am not really making an issue of. 6 of the top 10 sellers to China are not operating anywhere close to what they were in 2025 with them right now. One might quibble and assert that maybe Russia is in fact increasing their shipments/day to China, but I don't think it really matters on that point, a surge to 2.7million barrels/day still isn't replacing what they were getting elsewhere, and is likely unsustainable:
China is THE other economy in the world that really matters (the Euro's can piss right off as far as I'm concerned) from a trade perspective and they are being significantly crippled right now as a political-economic consequence of the war/trade disruption, that is my simple point.
I think a lot of the media portrays the limited current Iranian shipments to China as somehow much more significant than they are, it's the confluence of all of it that is hitting them. They are significant to the Iranians of course, but China had a fairly well distributed source/supply chain of oil in 2025. Right now, it's a mess.
China #oil imports from Russia hits record in Jan 2.70 mmb/d, down a bit in Feb to 2.61 mmb/d.
— Dan Tsubouchi (@Energy_Tidbits) March 21, 2026
China customs data:
Feb 2.61 mmb/d
Jan 2.70
Dec 2.21
Nov 2.04
Oct 2.15
Sep 2.03
Aug 1.88
Jul 2.06
Jun 2.04
May 1.98
Apr 1.97
Thx @business#oott pic.twitter.com/4yTZNSwlTH
China is THE other economy in the world that really matters (the Euro's can piss right off as far as I'm concerned) from a trade perspective and they are being significantly crippled right now as a political-economic consequence of the war/trade disruption, that is my simple point.
I think a lot of the media portrays the limited current Iranian shipments to China as somehow much more significant than they are, it's the confluence of all of it that is hitting them. They are significant to the Iranians of course, but China had a fairly well distributed source/supply chain of oil in 2025. Right now, it's a mess.