🇮🇷HUGE: Iran turned sanctioned oil into BILLIONS worth of Chinese goods, including air-defence equipment. Reuters reports that Iran has been using a secretive, barter-like system that converts Chinese oil payments into credits used to buy Chinese goods, allowing the trade to bypass international banking channels. Around $2–$2.5 BILLION reportedly flowed through the system over the past year, funding imports ranging from medicine and vehicles to communications equipment and military gear. China already buys more than 80% of Iran’s shipped oil, giving Tehran a critical trade channel despite U.S. sanctions.(Coin Bureau)