'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies - CNBC
'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies - CNBC
Source: CNBC
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DW NOTE
China released 1.1 million barrels per day from strategic reserves during the Hormuz closure — not to stabilise markets, but to buy Iranian crude at a 40% discount while selling stored Brent-equivalent inventory at spot. Beijing monetised the blockade, then let CNBC call it humanitarian.