ABC News – Australia
·australia
·2 hours ago
China's double-insurance strategy for oil security amid Hormuz disruption
China's crude oil imports from the Persian Gulf fell 25 percent in March amid Strait of Hormuz disruptions, but total imports declined only 2.8 percent to 11.77 million barrels per day. Russia, Brazil, and Indonesia increased supplies to offset Middle Eastern losses. Experts say the full impact remains unclear, with shipments taking three to four weeks to arrive.
Summary by Glance · ABC News – Australia
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