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Iran's oil exports to China challenged
Iranian oil exports to China face significant challenges due to declining demand and American sanctions. Flows dropped to 160,000 barrels per day in May from 1.8 million barrels in February, amid escalating U.S. and Israeli strikes on Iran. Additionally, recent U.S. sanctions have increased market caution, leading to reduced production and inventories. Meanwhile, Iran is under growing economic pressure, as China explores alternative oil sources and adjusts its strategic approach to energy.
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