Can China rely on domestic oil after Iran, Venezuela shocks?
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China gets up to a fifth of its imported oil from Iran and another 4 to 5% from Venezuela , often through clandestine channels to skirt United States sanctions — or at least it did before recent disruptions. US President Donald Trump's move earlier this month to unseat Venezuela’s longtime leader, Nicolas Maduro , redirect its oil to the US and impose 25% tariffs on Iran-linked trade has raised serious questions about energy security in the world's second-largest economy. Oil prices briefly
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