Iranian Oil Supply to China Is Rapidly Drying Up
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month. Total Iran
Source: OilPrice.com
―
DW NOTE
The US has blockaded the Strait of Hormuz for 129 days. Iranian oil isn't "drying up" — it's being stopped at gunpoint. When you cut off one-fifth of global supply by force, market dynamics are not the story.