Iran oil cargoes dry up even before US acts on Tehran threats; China's 'teapots' face crunch

Aug 24, 2026 - 03:00
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Iran oil cargoes dry up even before US acts on Tehran threats; China's 'teapots' face crunch
Iranian oil shipments to Asia have nearly dried up as US pressure on Tehran disrupts supplies. Chinese refiners are facing tighter availability, with Iranian crude prices shifting from a discount to a premium of around $4 a barrel.

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