China’s imports of Iranian crude dropped in September both compared to the same month last year and to August, while crude oil imports from the U.S. doubled year-on-year in September despite the trade war, according to data from China’s General Administration of Customs, carried by Reuters . Chinese oil imports from Iran slumped by 34 percent on the year to 518,300 bpd in September. China’s crude oil imports from Iran averaged 798,423 bpd in August, the customs data showed on Thursday. Key Asian buyers of Iranian oil dramatically cut their purchases from Iran in September to the lowest level since the previous sanctions on Tehran were lifted in January 2016. While India increased its purchases of Iranian oil compared to September last year, China and Japan significantly reduced their imports from Iran, while South Korea stopped Iranian oil imports altogether—for the first time since September 2012, Reuters reported on […]