China Bears Brunt of Asia's Crude Oil Demand Cut as Middle East Supplies Shrink

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Global Economy

10 August 2026 at 10:16 pm

China Bears Brunt of Asia's Crude Oil Demand Cut as Middle East Supplies Shrink

HyperFast News

Summary

China is experiencing the most significant impact of Asia's crude oil demand slowdown due to shrinking Middle East supplies following the Iran conflict, with Chinese crude imports falling in June and July.

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