"Iran's Oil Exports Surge Despite Impending Sanctions"

Iran's crude oil exports have reached a six-year high, with most of the oil being sent to China, earning Tehran around $35 billion. The Biden administration is considering new sanctions against Iran, but analysts suggest that tightening the sanctions could lead to increased oil prices, which the administration may want to avoid in an election year. Additionally, heavy-handed action against Iran's oil exports could strain relations with China, which is a major importer of Iranian crude.