China’s oil lifeline tested as US strikes on Iran push supply toward Russia
TL;DR Summary
US strikes on Iran threaten China’s crude imports, since Iran and Venezuela have been major suppliers to Beijing. With Hormuz shipping disrupted, China is likely to lean more on Russian crude, while oil prices in Asia may rise even as OPEC+ plans a modest production increase to cushion the impact.
Topics:world#china#iran#note-only-top5-used-extra-tag-for-clarity-would-be-beyond-scope#oil#russia#strait-of-hormuz#world
- 5 charts show China’s oil dilemma after US strikes on Iran Politico
- China’s ice-cold calculus over Iran The Economist
- China could face ‘real problems’ within two months if Strait of Hormuz crisis drags on, expert warns Fox Business
- Beijing Doesn’t Think Like Washington—and the Iran Conflict Shows Why Carnegie Endowment for International Peace
- Can China benefit from the US-Israel war with Iran? dw.com
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