Energy

How China eased pressure on oil markets by halting purchases and relying on reserves - Middle East Eye

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DW NOTE

China halted crude purchases and drew down state reserves while one-fifth of global supply remained blockaded behind Hormuz. The effect: oil rallied only to $86 WTI despite a 129-day closure of the world's most critical chokepoint. Beijing didn't ease pressure on the market — it prevented price discovery from reflecting physical reality.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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How China eased pressure on oil markets by halting purchases and relying on reserves - Middle East Eye

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