UPDATE 1-Iranian tanker collides with Chinese ship, spills <b>oil</b>

BEIJING, Jan 7 (Reuters) – A tanker carrying Iranian oil and run by the country's top oil shipping operator was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with … That is equivalent to just under 1 million barrels, worth about $60 million, based on global crude oil prices.

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