Free Republic

Iran International reports that Iran is trying to liquidate millions of barrels of oil stored in Chinese ports to prevent economic damage from anticipated sanctions under the incoming Trump administration. Sanctions have already significantly impacted Iran's ability to sell oil, as the USA has begun sanctioning a fleet of 'dark tankers' that formed a significant link in the Iranian supply chain. These vessels would engage in various illegitimate practices, including falsifying documents, changing their own identification beacons, and exchanging cargos on the high seas to conceal the Iranian origin of the oil. Although Iran intends to purchase additional, unsanctioned tankers...