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10/17/24 12:56 PM

#15413 RE: littlejohn #15412

lj: If exports are well below last year, China's economy must be in the toilet. Their economy is a major factor in world-wide oil demand. China's economy sucks up an estimated 15 percent of global oil production. Approximately 90 percent of Iranian oil is exported to China. If that demand has dropped, so has Iran's income. If Israel were going to take out some Iranian oil fields, this might be a good time to do it. Of course, China might put pressure on Russia to divert supply from India to China to make up any shortfall from Iran. When the 800-lb. gorilla makes a request, Vlad needs to listen.
Anything the U.S. does to weaken China's economy, e.g. tariffs, also weakens Iran.