In June, China's independent refineries increased Iranian oil imports by 4.3%, reaching an eight-month high of 6.1 million metric tons.

China's independent refineries increased Iranian oil imports by 4.3% in June, reaching an eight-month high of 6.1 million metric tons, according to Azernews. Iranian oil has become popular among refineries as they seek to reduce costs and improve profitability. The volume is the highest since October 2023, and Iranian oil's share in Shandong's independent refineries reached 65.7% in June, up from 54.2% in May.