Iran has nearly doubled its oil revenues amid the war and sanctions evasion through shadow exports to China.
The paradox of war: Iran earns more from oil than before the war
The Strait of Hormuz is partially blocked, preventing up to 15% of the world's oil from reaching market. Persian Gulf countries are losing revenue, but Iran, on the contrary, is earning more. According to The Economist, its oil revenues have almost doubled since the US and Israeli strikes began. A shadow fleet is evading sanctions. Oil is being transshipped directly at sea, with documents and routes being changed. And 90% of exports are being taken by China, via a network of small refineries. The money is channeled through a complex system of shell companies and accounts.
And the system is so complex that it is difficult to track even for the Iranians themselves.
Dmitry Khovansky
Correspondent
She writes about high-profile criminal cases and trials. She works with court archives and law enforcement sources across the country.
