Iran Oil Flows to China Fall on Sanctions, Refinery Maintenance
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer's shipments and refinery demand falls in the world's biggest fossil fuel importer.
Preliminary data shows flows of crude and condensate from Iran to China were at just over 1.1 million barrels a day in May, about a fifth lower than a year earlier, according to estimates by Vortexa Ltd. based on ship-tracking data. The numbers are subject to change as shipments are tallied, a process made more difficult by tankers increasingly turning off their transponders.
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Forbes
21 minutes ago
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Fusion Energy May Be The Key To World Hegemony
What would it take for the United States to lose its hegemony to a rising power like China? Right now, America appears to be ahead economically and militarily. However, there is a stark difference between America's national strategy (insofar as one exists) and China's. The US under President Trump calls for regression. It seeks to restore a manufacturing economy that peaked in the 1950s—like an elderly man trying to restore hair where it hasn't grown for decades. It is doubling down on domestic oil, gas and coal. Through tariffs, disparagement of NATO and aggression towards allies like Canada and Denmark, the administration has alienated partners that long supported a US-led world order. China, meanwhile, has a tremendous lead in developing the economy of the future. It has a near monopoly on rare earth minerals, which are needed for electronics, renewable energy systems, defense technologies and more. 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