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China's Return To The Oil Market Could Boost Inflation
China's Return To The Oil Market Could Boost Inflation
Submitted by Tsvetana Paraskova of OilPrice.com
The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.
Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News...
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