Iran, China record major increase in oil export amid bilateral trade One of BRICS’ newest additions has set an important mark, after both China and Iran set a major oil record in an ongoing bilateral trade. Iran has seen its oil exports reach a six-year high. Moreover, those exports have been massively boosted by sales to its new BRICS ally, China. The landmark development has infused the country with a massive annual economic boost of $35 billion, according to reports. Specifically, in the first three months of 2024, Iran has averaged 1.56 million barrels...