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China's Crude Oil Imports Fell in Q2 2026 Amid Higher Prices from Hormuz Disruptions
China, the world's largest importer of crude oil, saw its crude oil imports decline in the second quarter of 2026. This reduction was a result of higher crude oil prices, which were caused by disrupted flows through the Strait of Hormuz. China's lower imports subsequently reduced global demand, softening the upward price effects from the disrupted supply.
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