China single-handedly balancing Asia's crude oil demand amid Middle East disruptions

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international relations

10 August 2026 at 12:18 pm

China single-handedly balancing Asia's crude oil demand amid Middle East disruptions

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Summary

China is significantly contributing to the reduction in Asia's crude oil demand amidst disruptions to Middle East oil shipments due to the Iran war, with its July imports remaining well below last year's levels.

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