Iran is offering its crude oil to China’s independent refiners at narrower discounts to Brent, as sellers are seeking higher prices for the oil bound for the world’s top crude importer, anonymous sources familiar with the latest developments told Bloomberg. China’s private refiners are key buyers of Iran’s sanctioned crude, and the two sides have established a trade relationship favorable for both. Iran gets to sell its crude that nearly everyone else shuns, while China’s independent refiners, the so-called teapots,…
