China-Iran trade plunges 24% as sanctions bite and Beijing shifts oil suppliers China-Iran trade plunges 24% to $9.09bn in first 11 months of 2025 as Beijing shifts to Russian crude whilst banking constraints and US sanctions pressure weaken bilateral commerce despite strategic cooperation claims.

China-Iran trade plunges 24% to $9.09bn in first 11 months of 2025 as Beijing shifts to Russian crude whilst banking constraints and US sanctions pressure weaken bilateral commerce despite… Bne IntelliNews #ChinaIranTrade #SanctionsImpact #OilSuppliers #BilateralCommerce #StrategicCooperation