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Crude oil inventories in the United States fell this week by 6.674 million barrels for the week ending January 19, but the same inventory report also reflected a large rise in gasoline stocks

Recent air strikes and diplomatic tensions between Iran and Pakistan pose a challenge for China, testing its influence and economic interests in the region.

Iran has demonstrated its advanced missile and drone capabilities with recent strikes in neighboring countries, highlighting its military strength while also indicating strategic restraint in the face of regional tensions.