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U.S. oil prices fell below $100 per barrel on Monday after a tight session pared the gains that pushed crude above $104 earlier in the day.
This decline came after the Chinese Defense Minister pointed out Admiral Dong Jun to Chinese ships will pass through the Strait of Hormuz under current agreements with Iran.
China is challenging the US maritime monopoly
Admiral Dong Jun sent a strong message to the Trump administration and the US Navy. He confirmed that Chinese ships are moving actively through the Strait of Hormuz and Beijing is committed to trade and energy deals with Tehran.
أفاد ختباب حرمز, نقلاً عن الإدميرال دون جون, بان يران تتدرق على مزيوز ٭ى مزيوز امامنا.
أعاد التسريهات draw features confrontation. What started as a bilateral confrontation between the United States and Iran has now become what has already become the second largest economy in the world.
The residents pointed out that Oil market repricing It reflects the traders’ re-evaluation of the effectiveness of the hedge after entering China online.
He notes that the American embargo on Iran affects China’s interests, as China is responsible for Iran’s oil exports.
Trump sets a new deadline on April 27
Trump spoke from the White Office and issued a new two-week warning to Iran. He warned that the situation “will not be resolved” if Tehran does not reach an agreement by April 27.
The deadline came later Breakdown of American-Iranian talks in Islamabad On April 12, which prompted Washington to declare a full naval blockade on the strait.
Brent crude had jumped by more than 8% to above $103 after that announcement before it arrived.
The markets are now facing a new variable. It may determine China’s readiness to test the inventory if the oil stabilizes or stabilizes or if the oil is different as the date of April 27 approaches.
reports say to The tanker was bound for China and had to turn back due to the American blockade.
Comment a user saying He believes that the United States intends to use this opportunity to pressure China to reach an agreement, although this action is not specifically directed at the country.
