Author: Dalga Khatinoglu/The Islamic Republic of Iran’s disruption of oil tanker traffic through the Strait of Hormuz has not only triggered a surge in oil prices and reduced China’s crude oil imports, but has also severely affected Beijing’s non-oil trade with Arab Gulf countries.China is the largest trading partner of the member states of the […]
Major Disruptions Hit China’s Trade with Gulf Arab States Read More »
China is showing growing unease over the economic and strategic costs of Iran’s confrontation with the United States, even as it continues to shield Tehran diplomatically at the United Nations. US President Donald Trump said during his recent visit to Beijing that Chinese President Xi Jinping stressed the importance of keeping the Strait of Hormuz
China’s Iran balancing act grows more costly Read More »
China appears to be replacing disrupted Venezuelan oil shipments with Russian crude rather than Iranian barrels, despite steeper discounts being offered by Tehran. According to data from commodity intelligence firm Kpler, shared with Iran International, China discharged an average of 1.138 million barrels per day (bpd) of Iranian crude at its ports this month—about 115,000
China refiners turn to Russian oil as Iran faces rising uncertainty Read More »
