{
  "id": 14765526,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T18:23:44.000Z",
  "source": {
    "name": "Reuters Business via SCMP",
    "slug": "reuters-business-via-scmp",
    "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": "From January to September, Brazilian oil exports to China surged to a record US$21.8 billion, marking a 49% increase over the same period. This surge occurred as the war in Iran disrupted Gulf oil supplies, driving demand for more stable suppliers. China became Brazil's largest crude oil buyer, acquiring half of all the country's exports. The trade surplus between Brazil and China reached US$26.1 billion, or 42% of Brazil's overall trade surplus with the world. Brazil exported more than US$84.7 billion worth of goods to China, while importing over US$58.6 billion in goods from the country. Crude oil accounted for the majority of the gain, representing 25.8% of Brazilian exports to China, a 6.3 percentage point increase from the previous year. This shift in trade has made Rio de Janeiro the largest exporting state to China, supplying 89% of the crude oil sold to the Chinese market.",
  "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": "South China Morning Post",
        "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",
        "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."
}