Categories
Geoeconomics

MIDDLE EAST:

IRAN:

  • The torrent of Iranian oil that’s been gushing into China (the world’s largest crude oil importer) in recent weeks is crowding out imports from other nations – as Norway, Angola, and Brazil–and threatening to complicate efforts by the OPEC+ alliance to tighten supply in the global market. The increased Iranian flows are happening as the administration of President Joe Biden attempts to revive a nuclear deal with Tehran.

SOURCE: BNN BLOOMBERG


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