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Published on: 05/06/2026 - 12:13

Iranian oil constitutes an important artery for industries in China. Beijing has not always relied on purchasing Iranian oil subject to international sanctions at preferential prices, and in the Chinese currency. However, the continued closure of the Strait of Hormuz has negative consequences on the oil market and in particular on the reality of Chinese industries, which depend mainly on plastics derived from oil, which has caused a noticeable rise in the prices of Chinese products.

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