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China’s Teapots Buy Iranian Oil to Replace Venezuelan Supply, Sources Say

By Siyi Liu Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday.

With Reuters

U.S. Push to Counter China Looms Over Trump’s ‘Shield of the Americas’ Summit
U.S. President Donald Trump disembarks Air Force One upon arrival in Miami, Florida, U.S., March 6, 2026. REUTERS/Kevin Lamarque
U.S. President Donald Trump will meet Saturday with a dozen right-wing leaders from Latin America and the Caribbean to discuss issues facing the region, from organized crime to illegal immigration. The "Shield of the Americas" summit also aims to serve Washington by boosting U.S. interests ...

China’s Teapots Buy Iranian Oil to Replace Venezuelan Supply, Sources Say

By Siyi Liu Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday.
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