The illicit Iranian oil hiding in plain sight
Shipments provide a vital source of income for Iran and allow China to stock up large reserves
Shipments provide a vital source of income for Iran and allow China to stock up large reserves

Dozens of ships exiting the Gulf include several loaded with Iranian oil

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position

Tehran has a strong incentive to keep the conflict going

Ample oil reserves and renewables growth make manufacturing sector more resilient than rivals

Fuel costs for global shipping industry are up nearly $5bn since conflict began

‘Armada’ of Asian tankers heads for American ports as energy shortages spread