As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar
Middle East crisis – live updates
Xi Jinping has been preparing for a crisis like this for years. China must secure its energy supply “in its own hands”, its president was reported to have said during a visit to one of its vast oilfields in 2021.
The US-Israel war on Iran plunged the Middle East into a deep conflict, with the strait of Hormuz – one of the most important waterways in global trade – all but closed and key energy facilities across the region under attack.
Oil exports from the Middle East have tumbled 61% over recent weeks, according to maritime tracking consultancy Kpler – roiling countries across Asia, which relied on the region for 59% of its crude imports in 2025, and have been left racing to conserve energy.
