China faces Iranian oil supply squeeze
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Iranian oil exportsReuters
•China's cheap Iranian oil supply at risk from tighter Trump sanctions
79% Informative
China faces squeeze on supplies of cheap Iranian crude, which make up about 13% of imports by the world's biggest buyer of oil.
Trump is expected to re-impose his "maximum pressure policy" of heightened sanctions on Iran 's oil industry.
Such a move would raise the cost of China 's imports, piling pressure on a refining sector.
Independent plants known as teapots set to be hit especially hard.
VR Score
90
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