Reported about 15 hours ago
President Donald Trump surprised many with a sudden allowance for China to continue purchasing oil from Iran, seemingly undermining years of U.S. sanctions aimed at crippling Iran's economy. This announcement came shortly after a declared ceasefire between Israel and Iran, despite ongoing tensions in the region. While Trump's statement raised eyebrows among government officials and oil traders, experts suggest it might be a strategic move to ease trade tensions with China amid ongoing tariff negotiations. The impact on actual oil flows remains unclear, particularly regarding China’s significant imports masked under various shipments.
Source: YAHOO