DigiNepal
China bought half of Brazil's oil exports as Iran war shut Hormuz, driving sales to record
China bought half of Brazil's oil exports as Iran war shut Hormuz, driving sales to record
Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales that surged after the war on Iran disrupted Gulf supply, according to a report by the Brazil-China Business Council. Brazilian exports to China rose 12 per cent to US$84.7 billion between January and September, while imports from China grew 9.9 per cent to US$58.6…