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In the midst of the war, Iran continues to export oil to China through the Strait of Hormuz

In the midst of the war, Iran continues to export oil to China through the Strait of Hormuz
porEditorial Team
Argentina

Despite the attacks carried out by the Iranian regime in the strait, oil exports to China continue.


Iran has continued to send large quantities of crude oil to China through the Strait of Hormuz despite the war with the United States and Israel, in the midst of a climate of high tension that has drastically reduced maritime traffic on one of the world's most important energy routes.

According to data from the monitoring firm “TankerTrackers.com”, Iran has transported at least 11.7 million barrels of oil through the strait since the start of the conflict on February 28.

According to the company, all these shipments are destined for China.

The company tracks the movement of oil tankers using satellite images, allowing it to detect ships even when they turn off their location systems, a practice that has become more common amid growing tension in the region.

Another maritime intelligence firm, “Kpler”, estimates similar figures and estimates that around 12 million barrels of crude oil have passed through the Strait of Hormuz since the war began. Industry analysts point out that, since China has become the main buyer of Iranian oil in recent years, it is very likely that a large part of those shipments will end up in

the Chinese market.
Iran continues to increase oil trade with China through the Strait of Hormuz
Iran continues to increase oil trade with China through the Strait of Hormuz

The Strait of Hormuz is a strategic corridor that normally passes through about a fifth of the oil and gas traded worldwide. However, the conflict in the Middle East has caused many shipping companies to reduce or avoid traffic in the area due to the risk

of attacks.

According to the International Maritime Organization, at least ten ships have been attacked by forces linked to Iran in or near the strait since the war began, incidents that have left at least seven sailors dead. These events have raised concern among shipping companies and have increased fears of a possible prolonged interruption of the global energy supply.

Despite this scenario, Iran has maintained its crude oil exports to China, which has generated criticism from many governments who believe that Tehran is using oil as a tool of pressure in the midst of the conflict. The continuity of these shipments, while the country threatens maritime traffic in the area, has been pointed out as a sign of Iran's contradictory policy in managing the crisis

.
Recently, a Thai commercial vessel was hit by Iran's cowardly attacks.
Recently, a Thai commercial vessel was hit by Iran's cowardly attacks.

China has also been questioned for maintaining its purchase of Iranian oil in the midst of the war. For many experts, Beijing's strategy reflects its priority to secure energy supply in the long term, even if that involves maintaining commercial relations with a country involved in a regional conflict affecting the global market

.

Iran's main oil export terminal remains the Kharg Island facility, located about 24 kilometers off the country's coast. Before the start of the war, this terminal handled approximately 90% of Iranian crude exports, from where supertankers leave for the Strait of Hormuz to go to

Asia.

However, Iran has also recently reactivated the Jask oil terminal, located in the Gulf of Oman. This facility has the peculiarity of allowing crude oil exports without having to cross the Strait of Hormuz. Even so, its logistics capacity is much smaller and loading a supertanker can take up to ten days, compared to one or two days at the Kharg terminal

.

The increase in oil shipments also comes at a time when China has increased its crude oil imports and expanded its strategic reserves. Official data show that the country's oil purchases increased by 15.8% compared to the previous year, while the government accumulates reserves to face possible energy supply interruptions

.
Despite the internal conflicts that plague China, the government of Xi Jinping plans to establish a strategic oil reserve
Despite the internal conflicts that plague China, the government of Xi Jinping plans to establish a strategic oil reserve

It is currently estimated that China has around 1.2 billion barrels of oil in storage, enough to cover three to

four months of demand.

The war in the Middle East has also caused strong movements in international energy markets. The price of oil approached $120 per barrel at the beginning of the week due to fears that the Strait of Hormuz would be blocked. Subsequently, prices declined, although they are still highly volatile

.




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