China’s Collapsing Crude Oil Imports to Fall Further in June

China, the world's top crude oil importer, is expected to further reduce its imports in June. This trend extends a period of subdued appetite that began with the Iran war. Meanwhile, crude oil prices have fallen sharply. This price drop coincides with an acceleration of oil flows originating from the Persian Gulf, contributing to the current market volatility and the overall decline in demand from the Chinese market during this specific period.