Oil prices softened on Wednesday after Iraq and Kurdish authorities reached an agreement to resume crude exports via Turkey’s Ceyhan port, providing some relief amid persistent Middle East supply disruptions. Brent futures remained above $100 per barrel, reflecting ongoing geopolitical tensions and uncertainty in global energy markets. Brent crude fell 67 cents, or 0.65%, to […]
Middle East oil
China focuses on energy security, diplomacy amid Middle East crisis
China has expressed strong condemnation of Israeli-US strikes on Iran but will prioritize energy security and diplomatic relations over direct military support, analysts say, despite the attacks affecting its oil imports through the Strait of Hormuz. Strategic stockpiles and careful planning allow Beijing to endure short-term supply disruptions while maintaining its broader foreign policy goals. […]