Commodities
US Treasury Secretary Bessent on Iran and China, says have seen a substantial decrease in purchases of Iranian oil, Fox reports; Tracking Ayatollah properties, hope to show addresses; China has dropped purchases of Iran crude by around 40%
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US Treasury reports a 40% drop in China's Iranian oil purchases, driven by sanctions and a pivot to Gulf suppliers, while regional infrastructure projects aim to bypass Hormuz permanently.
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China has dropped its purchases of Iranian crude by around 40%.
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