{
  "id": 14763894,
  "title": "China bought half of Brazil's oil exports as Iran war shut Hormuz, driving sales to record",
  "url": "https://urgent.news/2026/10/15/china-bought-half-of-brazils-oil-exports-as-iran-war-shut-hormuz",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T18:23:44.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/china/article/3371064/china-bought-half-brazils-oil-exports-iran-war-shut-hormuz-driving-sales-record"
  },
  "original_language": "en",
  "account": "Brazilian oil sales surged to a record US$21.8 billion as China emerged as the largest buyer following the Iran war's disruption of Gulf crude supply, according to the Brazil-China Business Council. Chinese imports from Brazil grew 49% to the record level, nearly seven times the share of India, the next-largest buyer. The Gulf oil exports recovery, excluding Iran, returned to more than 81% of pre-war levels in September, but Iranian attacks on tankers have intensified. The resulting US$26.1 billion surplus accounted for 42% of Brazil's trade surplus with the world. Crude oil accounted for most of the gain, with Brazil supplying nearly half of China's seaborne crude imports. The shift in trade has made Rio de Janeiro the largest exporting state to China, supplying 89% of the crude sold to the Chinese market. China took half of all the crude Brazil exported, and Brazilian exports to China grew 12% to US$84.7 billion between January and September.",
  "summary": "Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales that surged after the war on Iran disrupted Gulf supply, according to a report by the Brazil-China Business Council. Brazilian exports to China rose 12 per cent to US$84.7 billion between January and September, while imports from China grew 9.9 per cent to US$58.6…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reuters Business via SCMP",
        "title": "China bought half of Brazil's oil exports as Iran war shut Hormuz, driving sales to record",
        "url": "https://urgent.news/2026/10/15/china-bought-half-of-brazils-oil-exports-as-iran-war-shut-hormuz-14765526",
        "published": "2026-10-15T18:23:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}