China is winning the war in the Middle East, and gold and the dollar will start to feel it, strategist says - MarketWatch
China is winning the war in the Middle East, and gold and the dollar will start to feel it, strategist says - MarketWatch
Source: MarketWatch
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DW NOTE
China has no navy in the Persian Gulf and no diplomatic mechanism to reopen the Strait of Hormuz, which has been closed for 34 days despite a US-Iran agreement reached a month ago. If Beijing were "winning" anything in the Middle East, the 20 million barrels per day stuck behind Iranian mines would be flowing to Chinese refineries — they aren't.