“At the moment, China is not in immediate danger of supply disruption. There are 40 to 45 million barrels in floating storage, so for the coming weeks, the country is covered. But the real vulnerability lies with the Strait of Hormuz: about 45% of China’s oil imports pass through this chokepoint, and that has been a long-standing strategic concern.”
“For China, the conflict carries economic risks. But because Beijing is not fighting, almost any outcome could strengthen its strategic position.” Théo Nencini (ChinaMed... Read More
