China's crude oil imports fell 20% in April 2026 to 38.5 million metric tons, the lowest since mid-2022, as the Iran conflict closes the Strait of Hormuz.

China’s reduced oil and LNG imports have helped stabilize global energy markets during the Iran war, as Beijing drew down inventories, cut refinery runs, and delayed spot…

China's crude oil imports fell 20% in April 2026 to 38.5 million metric tons, the lowest since mid-2022, as the Iran conflict closes the Strait of Hormuz.

Strategic petroleum reserves are declining rapidly as countries release emergency crude supplies to cushion the economic impact of the Middle East conflict.

The overland route presents a limited lifeline for Tehran, but cannot substitute for sea-based oil trade.