BeijingChina imported nearly 42 million tons of crude in October.
Imports are still 13% below a year ago, nine months into the Iran war.
Iraqi cargoes led the recovery, and the Gulf now loads about 3 million barrels a day of refined products, mostly exiting Hormuz.
Polymarket traders give Hormuz traffic a 10% chance of normalising by 31 December, down 8 points in a month.
How each outlet framed it
- Bloomberg Business
- The National
- reports Inpex's Abu Dhabi chief saying Japan will not cut Middle East reliance, with offshore crude hit by Hormuz disruption while onshore output held
Sources: Bloomberg Business (1, 2), The National