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6/23/2025, 1:26:55 AM
>>936131045
China's been cutting back on Iranian oil; they've already reduced their imports to less than 50% of what they were last year. The problem if the Straight of Hormuz is successfully cut off or disrupted is that it's not just Iranian oil but around 40% of the world oil trade that will be disrupted. And while that will hit China decently hard, it will also hit Europe, India, South Korea, and Japan hard as well. And unlike China many of those countries have been trying to distance themselves from Russian oil.
China's been cutting back on Iranian oil; they've already reduced their imports to less than 50% of what they were last year. The problem if the Straight of Hormuz is successfully cut off or disrupted is that it's not just Iranian oil but around 40% of the world oil trade that will be disrupted. And while that will hit China decently hard, it will also hit Europe, India, South Korea, and Japan hard as well. And unlike China many of those countries have been trying to distance themselves from Russian oil.
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