Business & Economy · 26 views
Bessent’s sweeping sanctions against Iran send oil prices to their biggest drop in 3 weeks, while fueling hopes of de-escalation
What matters more for oil prices is how hard U.S. sanctions hit China, Iran’s biggest oil buyer, and whether Beijing pushes back.
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Oil prices are being driven primarily by the extent to which U.S. sanctions affect China, Iran’s largest oil purchaser, and whether Beijing pushes back against those measures.
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