Could Brazilian oil emerge as one of the big winners of the Iran war?
Brazilian oil is gaining prominence as China and India increase imports amid disruptions caused by the Iran war. The closure of the Strait of Hormuz has led Asian buyers to seek more reliable crude sources. While Brazil cannot fully replace Middle Eastern oil, its exports to Asia are rising significantly.
- ▪China and India are turning to Brazil to compensate for lost oil supplies due to the Iran war.
- ▪Brazil's oil exports to Asia increased from 1.2 million barrels per day in 2025 to roughly 1.8 million barrels per day in early 2026.
- ▪More than 60 percent of Petrobras exports are now directed towards China, while exports to the US have dropped significantly.
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EXPLAINERNews|EnergyCould Brazilian oil emerge as one of the big winners of the Iran war?China and India are among those ramping up imports of Brazilian crude amid Strait of Hormuz disruptions.ListenListen (8 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoBrazil's President Luiz Inacio Lula da Silva, left, with his Chinese counterpart, Xi Jinping, after a signing ceremony, at the Great Hall of the People in Beijing, China, May 13, 2025 [Tingshu Wang/Reuters]By Caolán MageePublished On 25 May 202625 May 2026China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz.With oil harder…
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