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Russia and Iran Slash Oil Prices to Secure China Market Share

sanctions_shadow_enforcement UTC: 2026-02-25 13:30:00

Discounts for Russian and Iranian crude have widened in recent weeks as China’s independent refiners have remained the only buyers not shunning sanctioned supply, which is amassing in floating storage at sea. India’s pivot away from Russian crude oil has been a major hit to Ru...

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