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Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.

Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.
NYT Business Monday 13 July 2026, 14:10 UTC By Rebecca F. Elliott and Lisa Friedman 1 min read
Key Points

A tanker at a crude oil terminal in Qingdao, China. Typically the world’s largest oil importer, China slashed purchases this spring.

A tanker at a crude oil terminal in Qingdao, China. Typically the world’s largest oil importer, China slashed purchases this spring.
The Answer Lies With China (ORG) Qingdao (LOCATION) China (LOCATION)
Originally published by NYT Business Read original →

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