Chinese oil demand may drop by 600,000 bpd
Jordan was targeted by the launch of 18 Iranian rockets, which were intercepted by the air defenses. This Iranian escalation occurs amid Gulf countries' support for regional stability. In another development, the oil market is experiencing an expected decline in Chinese demand, with consumption projected to decrease by 600,000 barrels per day, while North Korea's nuclear tensions persist as it expands its capabilities with 28 centrifuges.
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