Iran withdrew nearly three million barrels of oil from a stockpile at the Chinese port of Dalian. The oil is part of a 25-million-barrel supply Iran stored in China in 2018 because of the threat of U.S. sanctions. The oil was withdrawn by two tankers, Modestar and CH Billion, and would need to be transferred to another vessel and its Iranian origin disguised before it could be sold in China or elsewhere. The approximately $1 billion expected net proceeds are reportedly intended for the Islamic Revolutionary Guard Corps (IRGC).