China shielded itself from the Iran war's energy shock by cutting crude imports and restricting fuel exports. This move demonstrated its capacity to manage global energy flows independently. The nation's substantial oil stockpiles remain largely untapped, offering future strategic options. China's actions transformed it from a price taker to a price maker in oil markets. This shift indicates a new era of energy interdependence and potential global power dynamics.

New York Times: China is demonstrating its remarkable power over oil prices.

Discover how China's oil import decisions influence global oil prices, alongside factors like the Strait of Hormuz and the Russia-Ukraine war. Read more at straitstimes.com. Read…

China shielded itself from the Iran war's energy shock by cutting crude imports and restricting fuel exports. This move demonstrated its capacity to manage global energy flows…