China's Return To The Oil Market Could Boost Inflation

China's Return To The Oil Market Could Boost Inflation Submitted by Tsvetana Paraskova of OilPrice.com The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.    Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. Th...

By Tyler Durden