China’s Oil Buyers to Weather Tighter US Sanctions on Iran

(Bloomberg) -- China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports, ensuring crude continues to flow to the world’s top importer.

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The US House of Representatives passed tougher measures against Iran over the weekend in response to an attack on Israel, promising to broaden the scope of restrictions with a series of measures targeting the country’s exports that could become law as soon as this week. The Senate voted in favor on Tuesday . . .