China's Oil Shipments from Iran Amid Strait of Hormuz Conflict
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Despite the Strait of Hormuz closure, Iran continues to ship oil to China, with daily exports dropping to 1.2 million barrels. Chinas oil reserves have surged, enabling it to withstand energy disruptions. However, recent attacks on ships have disrupted global oil supply, driving prices up. The International Energy Agency responds with the largest emergency reserve release ever.
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