26 January 2012

Chinese Traders Poised to Profit From Iran Oil Embargo

Gabe Collins and Andrew Erickson, Chinese Traders Poised to Profit From Iran Oil Embargo,” China Real Time Report (中国事实报), Wall Street Journal, 26 January 2012.

Europe’s decision to embargo Iranian oil exports is strategically sound, since a nuclear-armed Iran is in no one’s interest. Yet, policymakers are overlooking how an embargo may strategically reshape the global oil trade in China’s favor. Major Chinese oil traders are building businesses that are world class in terms of volumes traded. The latest oil embargo will help them further their ambitions. …