Iran’s Oil Discount to China Widens Amid Record-High Stocks at Teapots

The discount of Iranian crude selling in China has jumped to more than $6 per barrel compared to Brent, as stocks at the key import hubs of the independent refiners have reached record highs, trade sources told Reuters on Tuesday.   The discount for Iran’s crude for October loading has increased to over $6 per barrel compared to the ICE Brent price, up from $5 a barrel discount at the start of September and from a $3 per barrel discount in March.  The discount has widened even as fresh U.S. sanctions have hindered imports at…