Iranian oil offers to Chinese buyers fall as US blockade bites, sources say

Offers of Iranian crude to Chinese buyers have declined and prices have jumped this week after U.S. sanctions/blockade cut Tehran’s shipments, based on trade sources. With additional sanctions from Washington still a looming threat, further disruption risk remains for crude supply into China, likely adding volatility to energy markets.

Analysis

Offers of Iranian crude to Chinese buyers have declined and prices have jumped this week after U.S. sanctions/blockade cut Tehran’s shipments, based on trade sources. With additional sanctions from Washington still a looming threat, further disruption risk remains for crude supply into China, likely adding volatility to energy markets.