Energy Shifts East: Iran, Russia And The Gulf Compete In The World’s Largest Oil Market

According to WPB, Asian oil trade entered a more concentrated and strategically sensitive phase in May 2026 after reports confirmed that China increased imports of Iranian crude while Russia simultaneously accelerated exports of ESPO crude toward Asian buyers. The two developments arrived during a period of elevated geopolitical tension around maritime security, sanctions enforcement and supply diversification, placing renewed attention on how Asian refining systems are reorganizing long-term procurement strategies.

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Видео Energy Shifts East: Iran, Russia And The Gulf Compete In The World’s Largest Oil Market канала Bitumenmag