According to Mihir (@RhythmicAnalyst), 90 percent of Iran's oil exports are directed to China, making up 9 percent of China's total oil imports. This concentration raises questions about potential US trade actions toward China, especially given ongoing sanctions and geopolitical tensions. For crypto traders, increased US-China friction often leads to higher market volatility, affecting Bitcoin and altcoin prices, as seen in previous sanction-related news cycles (source: Mihir, Twitter, May 1, 2025). Traders should monitor developments closely for possible impacts on global energy markets and risk sentiment.