Iranian ‘Ghost Armada’ Ferries $22 Billion Worth of Illicit Oil to China

Iran's fleet of "ghost ships" has ferried at least $22 billion worth of illicit oil to China since 2021, providing the hardline regime with a major source of revenue and raising questions about the Biden administration's lax enforcement of sanctions. In the first three months of 2022 alone, Iran shipped an average of 829,260 barrels of oil per day to China, according to new figures published by United Against a Nuclear Iran (UANI), an advocacy group that closely tracks Tehran's fleet of illegal tankers. A total of 337,882,520 illegal barrels—worth approximately $22 billion—have made their way to Beijing since President Joe Biden took office.