“Iran's economy today runs based on this kind of scheme of selling oil to China and then either using the funds that are generated from sales of oil to China to pay for imports from China, but also moving some of those funds outside China to jurisdictions like UAE through exchange houses,”

Miad Maleki · said 2026-08-21 · reported 2026-08-21

Miad Maleki described how Iran sells oil to China and moves funds to jurisdictions like the UAE.