China’s cheap oil flows under strain as US ramps up Iran, Venezuela pressure

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Source: South China Morning Post
Published: 2026-02-05 09:02 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Iran, Energy, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
US restrictions could lead China to turn to higher-priced barrels in other markets, while it continues to reduce its reliance on oil imports
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