Energy

See How China Weathered the Iran Oil Shock - WSJ

Source: WSJ

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DW NOTE

China runs a strategic petroleum reserve of 900 million barrels — roughly 100 days of consumption at current rates. The rest of Asia imports day-to-day. When the Strait closed on August 21 and global supply fell 4%, China had already stockpiled through the ceasefire window. This isn't weathering a shock; it's reaping the dividend of statecraft while competitors scramble for spot cargoes at $94 Brent.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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See How China Weathered the Iran Oil Shock - WSJ

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