[Chinese State-Owned Oil Companies Reportedly Considering Resuming Iranian Crude Imports] According to a report by Golden Finance on June 25, Reuters cited multiple industry insiders revealing that Chinese state-owned refining enterprises are considering resuming purchases of Iranian crude oil. However, competition from other supply sources and declining domestic fuel demand may weaken their willingness to buy. If the purchase is implemented, it would be the first time since 2019. Three sources stated that PetroChina and Sinopec are currently evaluating the banking, insurance, and shipping conditions required to resume transactions with Iran. This decision was made after the U.S. issued a waiver on Monday, allowing global customers to purchase Iranian oil and petrochemical products and settle transactions in U.S. dollars. Previously, a memorandum of understanding signed last week ended the U.S.-Israel conflict with Iran. One of the sources mentioned that there is currently no shortage of oil, as crude exports from Saudi Arabia, Kuwait, and Iraq are increasing. The source added that it remains unclear which banks can provide financing and clearing services for these transactions, and it is uncertain whether Iran has sufficient shipping capacity to deliver these goods.