Greg Miller
Monday, July 22, 2019
U.S. sanctions Chinese buyer of Iranian crude as tanker risks rise
The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.
The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as “baseless”. Maritime security experts say commercial ships are impossible to defend.