China gets its oil from Iran so of course China will ignore this and threaten to stop 100% all Rare Earths to USA if they impose more tariffs on China for trading with Iran. China will be willing to go to war if their oil supply from Iran is blocked by US Navy, so this is assured.
I originally didn't want to participate in this discussion, but there are too many people on this forum spreading misinformation about China for their own purposes.
1. China does import oil from Iran, but the data differs significantly from what some Iranians here are claiming.
In recent years, Russia has consistently been China's largest crude oil supplier, accounting for approximately 17.5%-19.5% of China's total imports. It has never reached 20%. Saudi Arabia ranks second.
In recent years, China's oil imports from Iran have mainly been conducted through transit trade via third countries. Currently, the largest transit country is Malaysia. Malaysia is also a transit country for China-Venezuela oil trade. That is, the China-Malaysia oil trade data (according to Chinese official data) actually equals the sum of oil trade between China and Iran, Venezuela, and Malaysia. In 2025, China-Malaysia oil trade accounted for 11.9% of China's total imports, ranking third. This data cannot be broken down to show Iran's data separately.
2. The price of oil supplied by Iran to China. The quality and delivery methods of crude oil vary greatly among countries. Using China's CIF price as a benchmark, Russian crude oil has the lowest price, usually $5-10/barrel lower than the international benchmark price. Crude oil supplied to China from other Middle Eastern countries is based on the international benchmark price. Crude oil from some countries like Brazil has different quality and therefore a higher price.
The price China actually pays for Iranian oil is lower than the international benchmark price, but higher than the price of Russian crude oil.
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In 2025, China's total crude oil imports were 557.73 million tons. The average daily import volume was approximately 11.55 million barrels/day.
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1. The primary purpose of China's current crude oil imports is strategic reserves, not actual consumption. That is, the vast majority of crude oil imported by China is being stored and not put into consumptive use.
2. China has been undergoing a capacity transformation for many years, with the proportion of crude oil converted into chemical products gradually increasing, while the proportion converted into refined oil products is gradually decreasing. Currently, China's refined oil conversion and consumption rate is already below 50% and continues to decline.