A surge in Iranian oil exports is clogging up Chinese ports

China is gorging on sanctioned Iranian oil -- with imports forecast to more than double this month from February -- as other countries hold off purchases for fear of incurring the wrath of the US. Iranian shipments to the province of Shandong, home to a quarter of China’s refining capacity, have surged so much this month they’re causing congestion at ports and filling up storage tanks, traders and analysts said. MORE FROM THIS SECTIONSee All Modi's mother takes first dose of Covid-19 vaccine, shares PM 1 min read . 02:21 PM IST Global debt crisis unlikely in near-term despite more defaults: S&P 1 min read . 02:19 PM IST After Nagpur, Maharashtra CM Uddhav Thackeray warns of lockdown in more...