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China’s oil imports from Iran reach record high in June

Cs news8 months ago04 mins

China’s oil imports from Iran saw a sharp increase in June, driven by accelerated shipments ahead of the recent Israel-Iran conflict and rising demand from independent refineries. The world’s top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day from June 1-20, according to ship-tracker Vortexa, a…

Timelapse Shows Global Ship Traffic in Hormuz Strait Under Iran Threat

Cs news8 months ago07 mins

Global shipping companies and businesses are closely monitoring developments around the Strait of Hormuz, after Iranian threats to disrupt shipping following the U.S. strikes on its nuclear sites in its “Operation Midnight Hammer“ The U.S. warned Iran that any move to shut the Strait would be “economic suicide” and trigger a severe response. Why It…