One problem, is that we're already jousting with both China
Posted on: June 23, 2025 at 12:49:58 CT
JeffB
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& Russia and are therefore in a much weaker position with respect to calling in favors.
On the other hand, China is getting a high percentage of Iran's oil output and significantly below market rates.
They are also having their own financial issues and it is not in theor best interests to have a huge part of their oil supply interrupted.