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The Economic Times

National / The Economic Times

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China's oil imports have plunged during the Iran war. How much will they recover?

China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts are uncertain about the permanence of this demand drop. Factors like electric vehicle adoption and industrial slowdown influence future consumption. Stockpiling and fuel export policies will also shape import levels.

17 Jul 2026 11:28 am