2min chapter

On Geopolitics cover image

Episode 29: What is the deal between Iran and Saudi Arabia?

On Geopolitics

CHAPTER

China's Oil Trade With Iran

China is Iran's number one oil purchaser. The exact quantity is a little bit in dispute, but it's a significant amount. Sometimes they buy less simply because it's cheaper to buy Russian oil. After the war in Ukraine started, Russia slashed the prices of its oil and undercut Iranian oil being sold to China. And that was a big issue.

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