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00:00 Despite the sanctions imposed on Iranian oil, it is still more attractive due to the high prices of Khamibrent,
00:08 especially for the largest oil importer in the world, which is China.
00:13 According to Kepler, China has imported the highest amount of Iranian oil in 10 years,
00:20 which is equivalent to 1.5 million barrels in August,
00:23 which is 64% higher than the average Chinese import in the first seven months of 2023,
00:31 which is equivalent to 917,000 barrels per day,
00:35 which is the highest level since Kepler began collecting data.
00:39 Khamibrent prices have risen since July, which is the thing that makes Iranian oil more attractive
00:48 or the oil that is subject to sanctions in general.
00:51 But Vertexa shows contradictory data,
00:54 which shows that China has imported 1 million barrels per day in August,
00:59 which is less than 1.3 million barrels per day in December.
01:04 But why does China avoid importing oil from Iran, for example, and not Russia?
01:08 Iranian oil is sold at a 10-dollar discount per barrel compared to Khamibrent prices,
01:14 while Russian oil is sold at a 4-dollar discount compared to Khamibrent.
01:22 But Chinese data do not show any imports of Iranian oil since June 2022.
01:30 Washington.