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Why China Is Defiant Even as US Threatens Iran Sanctions
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
China is providing an economic lifeline to Tehran by continuing as its biggest oil buyer, with the implication that Beijing is unlikely to quickly support efforts to resolve the conflict drawing US resources away from Asia. The news raises uncertainty around US-China and Iran-related geopolitical and energy-market dynamics, which can contribute to cautious positioning in oil and related risk assets.
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