Chi­nese re­fin­ers switch from US crude to Ira­nian oil

Maritime Gateway - - International News -

China’s largest in­de­pen­dent oil re­fin­ery has stopped buy­ing crude from the United States, switch­ing to Ira­nian oil pur­chases, amid a trade war with the US and de­spite Amer­i­can at­tempts to dis­suade other coun­tries from pur­chas­ing crude from Iran. While Chi­nese crude has not been sub­jected to US tar­iffs yet, it ap­pears on a list of prod­ucts to be with tar­iffs at an un­spec­i­fied later date. Tehran has said that if it can­not sell its oil, no other re­gional coun­try will be able to sell its, a re­ac­tion that has been taken to mean that Iran may block its wa­ters in the Strait of Hor­muz, through which many in­ter­na­tional oil car­goes pass.

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