Trump Says China May Buy Iranian Oil, But Encourages Preference for U.S. Crude

Jarida Report

Former President Trump announced that China can continue purchasing oil from Iran following the recent ceasefire between Israel and Iran, though the U.S. maintains its sanctions regime  . He encouraged China to also increase its imports of U.S. crude oil. His comments triggered a nearly 6 % drop in global oil prices, as markets interpreted the shift as a sign that Washington may ease enforcement of sanctions .

 

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