Publisher: Maaal International Media Company
License: 465734
Wednesday, 7 May 2025
Reuters: Oil trade between China and Iran suspended after Tehran plan to raise prices
Reuters quoted sources as saying that oil trade between China and Iran has stopped with Tehran blocking shipments and demanding higher prices from its largest customers, reducing cheap supplies to the world’s largest crude importer.
According to the agency, the decline in Iranian oil supplies, which constitute about 10% of China’s crude imports and reached a record level in October, may support global prices.
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