The oil price may drop to USD 30

The Sino-US trade conflict is escalating. Now China considers purchasing Iranian oil, which analysts say will send the oil price into a "tailspin".

Photo: Kevin Lamarque/REUTERS / X00157

China has threatened to retaliate after US President Donald Trump warned of tariffs on Chinese goods.

Now the country further flexes its muscles, threatening to buy more Iranian oil in spite of US sanctions against the Middle Eastern state.

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