Iran Oil Hoard at Sea Shields China’s Refiners From US Blockade

A hoard of Iranian crude on tankers at sea and robust onshore stockpiles in China will provide a cushion for the nation’s independent refiners should a US blockade of the...

By Charlie Zhu, Sarah Chen · Bloomberg Markets

A hoard of Iranian crude on tankers at sea and robust onshore stockpiles in China will provide a cushion for the nation’s independent refiners should a US blockade of the Strait of Hormuz choke off flows.