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‘Staggering': Goldman Sachs Says China's Oil Demand May Never Fully Recover

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‘Staggering': Goldman Sachs Says China's Oil Demand May Never Fully Recover

Fresh tanker attacks in the Strait of Hormuz led the US Treasury to revoke an Iran oil-supply waiver, pressuring crude markets. WTI jumped over 5% following the announcement, reflecting heightened supply-risk and sanctions tightening tied to regional conflict.

Analysis

Fresh tanker attacks in the Strait of Hormuz led the US Treasury to revoke an Iran oil-supply waiver, pressuring crude markets. WTI jumped over 5% following the announcement, reflecting heightened supply-risk and sanctions tightening tied to regional conflict.

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