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Analysts Say US Moves on Iran, Venezuela Target China's Oil Supply
US sanctions and military actions risk disrupting 13% of China’s seaborne crude from Iran and 55% of Venezuelan oil exports, complicating energy security before Trump-Xi talks.
- Rising tensions between the US and Iran in the Strait of Hormuz pose risks to China's oil supply, which sources over 46% of its seaborne crude from the Middle East.
- Commercial insurers have begun withdrawing coverage or hiking premiums for transits through the Strait of Hormuz due to risks of disruption.
- While China has over 1 billion barrels in strategic petroleum reserves, prolonged disruption could impact its construction industry and military operations.
42 Articles
42 Articles
By striking Venezuela and Iran in rapid succession, Trump has interfered in the energy (and security) issue of China. The economy of which is going through a period of increasingly intense fatigue. And in this context also the question of Taiwan enters
US War on Iran Challenges China and 'Axis of Chaos' Partners
Washington’s one-two punch capturing Venezuela’s leader and then killing Iran’s in coordination with Israel has put Beijing on the back foot, according to former US officials who have helped craft China policy.
To understand the Chinese can sometimes help some of their millennial sayings. Deng Xiaoping (1904-1997), the key leader of Chinese economic modernization liked to repeat: “Sit on the mountain and watch the tigers fight.” And in the last two months China seemed to look from its “mountain,” almost disinterestedly, two conflicts that hit its allies harshly. In a quick succession of events, US President Donald Trump took Venezuelan President Nicolá…
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