Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.

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Water inflow to the country’s dams decreased by 12 percent

Water inflow to the country’s dams decreased by 12 percent

According to a report by the Iranian Water Resources Management Company, the inflow of the country's dams in the current water year is 2.76 billion cubic meters, which represents a 12 percent decrease compared to the inflow of 3.14 billion cubic meters last year.