I don't think China worries much about their oil imports Why China can withstand oil’s surge past $100 more easily than other countries https://www.cnbc.com/2026/03/09/china-oil-shock-iran-war-hormuz-energy-transition.html “China has accumulated one of the world’s largest strategic and commercial crude reserves,” the analysts said, adding that its “rapid transition toward electric vehicles and renewable energy provides an additional structural hedge.” China held an estimated 1.2 billion barrels of onshore crude stockpiles as of January. That’s about 3 to 4 months of reserves, which will delay the economic impact, Rush Doshi, director of the China Strategy Initiative at the Council on Foreign Relations, said Monday on CNBC’s “Squawk Box Asia.” However, oil shipments through the strait account for only 6.6% of China’s overall energy consumption, according to Nomura’s chief China economist Ting Lu. Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway https://www.cnbc.com/2026/03/11/iran-ships-oil-china-strait-hormuz-closure-.html\ Iran has continued to send large amounts of crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has jeopardized broader supplies through the critical waterway. Iran has sent at least 11.7 million barrels of crude oil through the Strait of Hormuz since the war began on Feb. 28, all of which were headed to China, Samir Madani, co-founder of TankerTrackers.com, told CNBC on Tuesday.
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