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🚨🇨🇳🇮🇷 CHINA STARTS REPLACING VENEZUELAN OIL WITH IRANIAN CRUDE
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Chinese independent refiners are buying discounted Iranian heavy and Pars crude to replace Venezuelan oil shipments that have sharply declined, after the U.S. took control of Venezuela’s oil sales. Traders say Iranian crude is currently the cheapest alternative for Chinese “teapot” refineries.
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📌 Source: Reuters / market sources
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