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The US blockade of the Strait of Hormuz is about China as much as it's about Iran, writes Javier Blas

The Hormuz Blockade Is as Much About China as Iran

The black market for Iranian oil wouldn’t exist without China. Before the Iran war began, Beijing bought 95% of all the crude Tehran shipped via a network of sanctioned tankers, mysterious traders and shadowy financial links. Hence, President Donald Trump isn’t just targeting Tehran with his blockade of the Strait of Hormuz — he’s aiming at Beijing, too.

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