China's teapots buy Iranian oil at premiums to Brent for first time in years, sources say - Reuters
China's teapots buy Iranian oil at premiums to Brent for first time in years, sources say Reuters
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Notable Quotes
"In essence, we are jiujitsuing the Iranians."
— Scott Bessent , Executive
"he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz."
— Donald Trump , Politician
"passage through the narrow chokepoint would be allowed under Iranian military management."
— Abbas Araghchi , Politician
"if Iran did not reopen the Strait of Hormuz, he would annihilate the country’s civilian infrastructure."
— Donald Trump , Politician
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<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxNa1dReEc0bjM5T0hvcWlpalB4cUxuNW9Pd1R2c3pPTzdDcTJWVF9MVW1iYjFWOFpmRmk1ajQ2ZDB4NTJPaGRJejM1a2RyaW5JVEluQlhGb2NZQjdsUk9Za2ZCTnRtOS1IZnB5aDlXbEl2VnFFWlVYcjlDQUhLQktxQWY3cTREMlJBanVzR1RXTVVRVTc2dkRvMWdNejZnS1BYU0VIdnJuSm1pUFJHR1ZabG9EWEJLX1BYdldqbVRBeGN3SWZP?oc=5" target="_blank">China's teapots buy Iranian oil at premiums to Brent for first time in years, sources say</a> <font color="#6f6f6f">Reuters</font>
Iranian Light crude is trading at a $1 premium to Brent after the US waived sanctions on Iranian oil exports, marking the first positive differential since May 2022.
Chinese independent refiners, known as teapots, have begun seeking prompt cargoes of Iranian crude after oil prices slumped, with Brent crude futures dropping below $100 per barrel.
Following a ceasefire in the Iran-US conflict, China's independent refineries, known as teapots, are seeking prompt cargoes of Iranian crude after oil prices plunged.
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