China has rejected U.S. demands to halt its oil purchases from Russia and Iran, emphasizing its commitment to safeguarding its energy sovereignty and national interests. Beijing has warned against coercive measures and affirmed that it will always ensure its energy supply. The United States is reportedly considering imposing secondary tariffs of up to 100% in response to China's stance. This defiance follows similar resistance from India regarding U.S. pressure on oil imports from these countries. China’s role is seen as critical in influencing the global impact of displaced Russian oil on international prices. Meanwhile, Iraq has denied involvement in smuggling Iranian oil subject to U.S. sanctions.
العراق ينفي مشاركته في تهريب النفط الإيراني الخاضع لعقوبات أميركية
#China Is Key to Displaced Russian Oil’s Impact on Global Prices #oott #Russia https://t.co/sktvlZVw3W
China plays a critical role in shaping the impact of displaced Russian oil on global prices.