US sanctions: China tell refineries make dem disregard Iran oil limits, reduce WTI risk

China Trade Ministry don tell domestic refineries make dem no gree follow US sanctions wey dey affect five Iranian-linked refineries wey dey involved for Iran oil imports. Dem order, wey dem describe as first real use of China 2021 "blocking rules," na way to escalate against US "maximum pressure" campaign and e aim make e reduce how much Iran go lose for oil revenue. This move land as tensions for Middle East dey rise because US and Israel military actions. Di later article add say China, together with Russia and North Korea, don move from diplomatic opposition to active legal countermeasures to allow imports of Iranian oil. Traders fit see dis as possible trigger for supply disruption and higher volatility for global crude flows. For prediction-market style about WTI crude oil, di news favour a YES outcome tied to $150 threshold — mean say higher geopolitical risk fit tighten supply chains and push WTI up. Separate, US–Iran nuclear deal outlook dey bearish, with pricing wey dey show only about ~16% chance say dem go reach agreement by May 31. Wetyn to watch next: further US sanctions adjustments and possible retaliation from China, plus any developments wey affect the Strait of Hormuz, because dat one fit sharply affect WTI and risk sentiment.