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Macro Finance

China’s Teapots May Boost Iran Oil Buying as Stockpiles Dwindle

Bloomberg Markets·August 11, 2026·1 min read

Shrinking regional oil stockpiles held by China's independent refiners in Shandong province may spur increased buying of Iranian crude, offering Tehran a needed boost after a period of slow sales. The potential uptick in purchases could help Iran offset recent declines in its oil exports.

Read at Bloomberg Markets
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