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Tue ยท 27 Oct 2026

PetroChina Set for Record Trading Profit as Iran War Upends Oil Markets

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PetroChina Set for Record Trading Profit as Iran War Upends Oil Markets

๐Ÿ“ˆ BEIJING โ€” China's state oil trader is cashing in while Washington bleeds Hormuz. ๐Ÿ“Œ LOOK CLOSER: PetroChina's record profit maps directly onto Hormuz disruption โ€” wider spreads between physical and futures crude mean larger arbitrage. Beijing profits from a war it hasn't joined and won't stop. This creates a structural incentive to sustain, not resolve, the crisis โ€” making US leverage on Xi to mediate Tehran easier to refuse.

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