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China’s crude oil imports fall from record high, soybean imports drop as trade tensions escalate

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

  • China imported less crude oil in May due to US sanctions on Iran
  • China’s soybean imports fell sharply as trade tensions with the US deepens and African swine fever spreads

 

China’s crude oil imports fell 8 per cent in May  from a record high hit the previous month, as the world’s largest importer of the commodity curbed shipments from Iran amid tightening US sanctions on that country.

China’s crude . . .

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