The Hormuz truce just collapsed and Brent hit $85. Here are five ways China insulated itself from the oil shock before this war even started.

The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.

Iran and the U.S. have announced rival blockades of the Strait of Hormuz. This action cripples an already fragile ceasefire deal between the two nations. Global oil reserves have…