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China May Ramp Up Iranian Oil Imports Despite Sanctions

China May Ramp Up Iranian Oil Imports Despite Sanctions

by Thomas Powell | Jul 23, 2018 | Economics, Oil & Gas

China, already Iran’s biggest buyer of crude oil, may increase imports from Iran in defiance of U.S. sanctions. The strict sanctions the U.S. threatened to impose against Iran in May drove crude oil prices up almost immediately. Assurances that surplus production...

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