China Oil Comeback Loses Steam as Iran War Drags On
China's oil demand recovery is slowing due to high crude prices driven by the ongoing conflict in the Middle East and limited Iranian supply.
A nascent recovery in Chinese oil demand has begun to falter, as continued fighting in the Middle East and limited Iranian supply keep crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.
READ NEXT
More on the wire
AI TLDR
An opinion piece argues that a potential fourth term for Brazilian President Lula could strengthen authoritarian regimes and negatively impact U.S. strategic interests.
AI TLDR
The FBI is investigating a significant data breach involving the theft of sensitive information belonging to its employees.
AI TLDR
President Trump announced a self-regulatory AI safety agreement titled the Joint Commitment On Frontier Responsibilities, signed by major tech executives.