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Macro Finance

China Crude Comeback Loses Steam as Iran War Enters Eighth Month

Bloomberg Markets·September 30, 2026·1 min read

A nascent recovery in Chinese oil demand has begun to falter as continued Middle East fighting and limited Iranian supply keep crude prices too high for private refiners. Some analysts have trimmed forecasts for the coming months, citing sustained price pressures and geopolitical instability.

Read at Bloomberg Markets
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