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China's decision to hike import duties on U.S. LNG is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies remain in place.
In the short term, at least, U.S. exporters have other customers to fill the gap left by China.
The United States has stepped up pressure on Tehran by announcing an end to the waivers that have allowed major oil importing nations to buy from Iran, in a move that raises questions about the ability of other oil producers to fill the gap.