How Much Oil Does China Buy from Iran? -- WSJ

Dow Jones05-14

By Joseph Pisani

President Trump is meeting with Chinese leader Xi Jinping this week in Beijing, where discussions are expected to include the Iran war and China's ties with Tehran.

China purchases about 90% of Iran's exported oil, according to a March report by the U.S.-China Economic and Security Review Commission.

China doesn't officially report its oil purchases from Iran. Instead it uses a complex system that relies on foreign tankers and small refineries known as "teapots" to hide the origin of the Iranian oil it buys, according to the report.

The U.S. recently took aim at that system with sanctions designed to increase economic pressure on Tehran, which drew pushback from Beijing.

Analysts estimate that China imports around 1.4 million barrels a day from Iran, roughly 12% of its total imports. China's oil purchases brought in about $31.2 billion last year, accounting for about 45% of Iran's government budget, the U.S. commission said.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 13, 2026 18:29 ET (22:29 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2635175179?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-14 06:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635175179","market":"hk","top_or_hot":-1,"title":"How Much Oil Does China Buy from Iran? -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Joseph Pisani \n</p>\n<p>\n     President Trump is meeting with Chinese leader Xi Jinping this week in Beijing, where discussions are expected to include the Iran war and China's ties with Tehran. \n</p>\n<p>\n     China purchases about 90% of Iran's exported oil, according to a March report by the U.S.-China Economic and Security Review Commission. \n</p>\n<p>\n     China doesn't officially report its oil purchases from Iran. Instead it uses a complex system that relies on foreign tankers and small refineries known as \"teapots\" to hide the origin of the Iranian oil it buys, according to the report. \n</p>\n<p>\n     The U.S. recently took aim at that system with sanctions designed to increase economic pressure on Tehran, which drew pushback from Beijing. \n</p>\n<p>\n     Analysts estimate that China imports around 1.4 million barrels a day from Iran, roughly 12% of its total imports. China's oil purchases brought in about $31.2 billion last year, accounting for about 45% of Iran's government budget, the U.S. commission said. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2026 18:29 ET (22:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Much Oil Does China Buy from Iran? -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Much Oil Does China Buy from Iran? -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-14 06:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Joseph Pisani \n</p>\n<p>\n     President Trump is meeting with Chinese leader Xi Jinping this week in Beijing, where discussions are expected to include the Iran war and China's ties with Tehran. \n</p>\n<p>\n     China purchases about 90% of Iran's exported oil, according to a March report by the U.S.-China Economic and Security Review Commission. \n</p>\n<p>\n     China doesn't officially report its oil purchases from Iran. Instead it uses a complex system that relies on foreign tankers and small refineries known as \"teapots\" to hide the origin of the Iranian oil it buys, according to the report. \n</p>\n<p>\n     The U.S. recently took aim at that system with sanctions designed to increase economic pressure on Tehran, which drew pushback from Beijing. \n</p>\n<p>\n     Analysts estimate that China imports around 1.4 million barrels a day from Iran, roughly 12% of its total imports. China's oil purchases brought in about $31.2 billion last year, accounting for about 45% of Iran's government budget, the U.S. commission said. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2026 18:29 ET (22:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTXN","symbol_name":"First Trust Nasdaq Oil & Gas ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635175179","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635175179","pubTimestamp":1778711340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"President Trump is meeting with Chinese leader Xi Jinping this week in Beijing, where discussions are expected to include the Iran war and China's ties with Tehran.China purchases about 90% of Iran's exported oil, according to a March report by the U.S.-China Economic and Security Review Commission.China doesn't officially report its oil purchases from Iran. Instead it uses a complex system that relies on foreign tankers and small refineries known as \"teapots\" to hide the origin of the Iranian oil it buys, according to the report.The U.S. recently took aim at that system with sanctions designed to increase economic pressure on Tehran, which drew pushback from Beijing.Analysts estimate that China imports around 1.4 million barrels a day from Iran, roughly 12% of its total imports. China's oil purchases brought in about $31.2 billion last year, accounting for about 45% of Iran's government budget, the U.S. commission said.This item is part of a Wall Street Journal live coverage event. Th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FTXN":"First Trust Nasdaq Oil & Gas ETF","BNO":"美国布伦特原油基金有限合伙企业","VDE":"Vanguard Energy ETF","BWET":"BREAKWAVE TANKER SHIPPING ETF","BK4570":"地缘局势概念股","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4585":"ETF&股票定投概念","OILK":"ProShares K-1 Free Crude Oil ETF","OILT":"Texas Oil Index ETF","PXE":"Invesco Energy Exploration & Production ETF","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","XOP":"油气开采指数ETF-SPDR S&P","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","USO":"美国原油ETF","IEO":"iShares Dow Jones U.S. Oil & Gas","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","DBO":"原油ETF-PowerShares","PXJ":"Invesco Oil & Gas Services ETF","BK4588":"碎股","USOI":"ETRACS Crude Oil Shares Covered Call ETN","DBC":"商品指数ETF-PowerShares DB","USE":"USCF Energy Commodity Strategy Absolute Return Fund","ERX":"二倍做多能源ETF-Direxion","DRLL":"Strive U.S. Energy ETF","USL":"United States 12 Month Oil Fund LP","UGA":"United States Gasoline Fund LP","DBE":"能源商品ETF-PowerShares","SCO":"二倍做空彭博原油指数ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","UCO":"二倍做多彭博原油ETF","IXC":"全球能源业ETF-iShares","OIH":"石油服务ETF","DIG":"二倍做多美国油气指数","XLE":"SPDR能源指数ETF"},"translate_title":"中国从伊朗购买多少石油？——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTXN":0.62,"USE":0.62,"OILU":0.62,"BNO":0.62,"PXJ":0.62,"XLE":0.62,"DRLL":0.62,"USOI":0.62,"DBC":0.62,"IXC":0.62,"OIH":0.62,"IEO":0.62,"SCO":0.6,"USO":0.62,"UGA":0.62,"DBO":0.62,"XES":0.62,"GUSH":0.62,"DIG":0.62,"DUG":0.62,"WTIU":0.62,"OILT":0.62,"PXE":0.62,"XOP":0.62,"UCO":0.6,"DRIP":0.62,"VDE":0.62,"DBE":0.62,"OILK":0.62,"ERX":0.62,"BWET":0.62,"USL":0.62},"content_text":"By Joseph Pisani \n\n\n     President Trump is meeting with Chinese leader Xi Jinping this week in Beijing, where discussions are expected to include the Iran war and China's ties with Tehran. \n\n\n     China purchases about 90% of Iran's exported oil, according to a March report by the U.S.-China Economic and Security Review Commission. \n\n\n     China doesn't officially report its oil purchases from Iran. Instead it uses a complex system that relies on foreign tankers and small refineries known as \"teapots\" to hide the origin of the Iranian oil it buys, according to the report. \n\n\n     The U.S. recently took aim at that system with sanctions designed to increase economic pressure on Tehran, which drew pushback from Beijing. \n\n\n     Analysts estimate that China imports around 1.4 million barrels a day from Iran, roughly 12% of its total imports. China's oil purchases brought in about $31.2 billion last year, accounting for about 45% of Iran's government budget, the U.S. commission said. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2026 18:29 ET (22:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635175179","isCrawlerRequest":true}