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.

US-Iran ceasefire collapses, escalating tensions at the Strait of Hormuz. Fewer than 150 ships transiting the strait priced at 63.3% YES.