China Blocks US Sanctions on Refiners Buying Iranian Crude

🔴 Tension Rising Energy Intelligence 2026-05-04
China has decided not to comply with US sanctions, prohibiting the purchase of Iranian crude oil. This move is seen as a strategic choice by China ahead of the upcoming meeting between US President Trump and Chinese President Xi Jinping. The decision could create instability in the global energy market.
경제제재석유제재미이란외교중국외교유가영향
Source: Energy Intelligence (energyintel.com)
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