China can substitute US oil with Iranian crude to ‘infuriate Trump’ – analyst

China can substitute US oil with Iranian crude to ‘infuriate Trump’ – analyst

Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran’s sales and anger Washington. “The Chinese may just replace some of the American oil with Iranian crude,” said John Driscoll, director of consultancy JTD Energy Services, as quoted by Reuters.

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