R
The ongoing Iran war is significantly impacting China's commodity imports, with April data revealing a sharp decline in crude oil imports to their lowest level in nearly four years, attributed to decreased shipments through the Strait of Hormuz, while trade in metals such as aluminum and iron ore is on the rise despite overall declines in domestic steel production. #ChinaCommodities #OilMarket #GlobalTrade #AU #CN #IR #US
China's commodity imports show Hormuz impact as oil slides, metals rise
