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$100 Brent Looms as China’s Oil Buying Rebounds

One of the reasons why the price of oil failed to soar during the "actively kinetic" phase of the Iran war, when shipments through Hormuz were effectively halted and the world faced a shortage of…

  • Brent crude prices near $100 per barrel for first time since May
  • China's oil buying surges due to Hormuz disruptions and Iranian supply limits
  • Smaller refiners face pressure with limited access to Iranian and Venezuelan supplies

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