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China has been diversifying its sources for oil imports well before the current Middle East tensions.
While Iran's arch-rival Israel would remain unaffected by such a closure, closure would end up hurting Iran's oil trade as well as those of friendly countries, writes .
El Mundo on MSN31m
The Iranian ghost fleet supplying China that could disappear with the closure of the Strait of HormuzBeijing has been sustaining Iran's economy for years with oil purchases. Currently, over 90% of Iran's oil exports are ...
With summer road travel in full swing and a holiday weekend around the bend, prices at the pump are bound to creep up as a result of increased demand.
A Middle East expert weighs in on Iran's retaliatory targets after the Trump administration's surprise strikes against three ...
Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...
Chief Economist at the consulting firm Rystad Energy Claudio Galimberti noted that following the US strike on Iran’s nuclear facilities, developments in the energy sector could unfold along two potent ...
The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most ...
The potential closure of the strait raises a difficult question for Indo-Pacific policymakers: how can states shield ...
Following the U.S.’s attack on three nuclear sites in Iran on Saturday, fears grew that the country would disrupt oil trade and cause prices to soar.
Crude oil's sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market ...
Here’s what to know about the Strait of Hormuz, its grave importance, and what stands to happen if the passage is disrupted ...
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