Economics
How Trump Is Rerouting the World’s Oil Tankers
- China buys more African oil, less from U.S. amid trade spat
- Iran sanctions force Asian buyers to look elsewhere for supply
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U.S. President Donald Trump is redirecting global oil flows.
West African and Latin American producers are sending ever-growing volumes of crude to China. America’s exports to the Asian country have slumped in favor of its neighbors. There’s an urgent global need to find replacement barrels for Iran’s, whose exports might just collapse next month.