Oil tankers reroute from Rizhao after US sanctions hit key China terminal

Three massive oil tankers have diverted from China’s main crude port Rizhao after President Donald Trump sanctioned the Rizhao Shihua Crude Oil Terminal for importing Iranian oil amid his renewed beef with the second-largest economy on earth, according to Bloomberg. The terminal, located in Shandong province, manages nearly 10% of China’s total oil imports and […] source: https://www.cryptopolitan.com/oil-tankers-reroute-from-rizhao-us-sanctions/