China state refiners are said to be exploring Iran oil deals following US waiver

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China state refiners are said to be exploring Iran oil deals following US waiver

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Context

The exploration of oil deals between China state refiners and Iran signals a potential shift in energy dynamics, especially following the recent US waiver. This could lead to increased supply for China and adjustments in oil pricing, particularly impacting WTI and broader commodities markets. Traders should watch for price reactions in crude oil and related equities as geopolitical tensions evolve.

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