Sep 10, 2026, 12:49 PM4 views

How Iran's secret barter trade with China helps evade US sanctions

Sources told Reuters that Iran traded oil for credits to buy Chinese goods, including military equipment. The arrangement reportedly kept commerce moving while skirting direct international banking channels under sanctions.

Under the barter system, Iran's oil proceeds are converted into credit and routed through intermediaries to pay Chinese suppliers, avoiding direct cross-border bank transfers.

Iran uses covert oil-for-goods deal with China to bypass US sanctions.

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