March 14, 2026
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1:33Now PlayingIn the wake of the war in Iran, oil prices have shot up for everyone. But not all oil is exactly equal. And, obviously, a lot of Iranian oil goes to China specifically. #iran #china #politics #worldnews
Furthermore, because Iran’s oil is sanctioned, a lot of it winds up at China’s so-called “teapot” refineries, which tend to be smaller and owned by independent companies.
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