The Future of Global Crude Oil Trade Amid Sino-US Tensions The global energy trade may face another shift as tensions between #China and the United States resurface. The expiration of the US-China Phase One trade deal has already led to a decline in U.S. #crude oils share of Chinas seaborne imports, signalling uncertainty for future flows. Chinas imports of Iranian #oil have surged, now accounting for 14.4% of its seaborne crude, up from 5.6% in 2021, while Russian exports have sharply shifted eastward following the Ukraine war. In contrast, the U.S. is expected to tighten restrictions on Iranian oil exports and maintain #sanctions on Russian crude, further intensifying market pressures. Meanwhile, a potential "Phase Two" trade deal signals strategic positioning, with the U.S. seeking markets for its growing crude output and China aiming to ease trade war pressures. Increased U.S. crude imports by China could significantly impact shipments from West Africa, Latin America, and Middle Eastern spot markets. Stay ahead of the market with Kpler Insight: https://t.co/EPhnT1G6y6 https://t.co/CKAA5C0eKq https://t.co/SRCxAahU47.