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Analysts Say US Moves on Iran, Venezuela Target China's Oil Supply
U.S. military actions and sanctions against Iran and Venezuela risk disrupting key oil flows to China, which relies on these imports for about one-third of its total demand, analysts say.
- Rising tensions between the US and Iran in the Strait of Hormuz pose risks to China's oil supply, which sources over 46% of its seaborne crude from the Middle East.
- Commercial insurers have begun withdrawing coverage or hiking premiums for transits through the Strait of Hormuz due to risks of disruption.
- While China has over 1 billion barrels in strategic petroleum reserves, prolonged disruption could impact its construction industry and military operations.
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39 Articles
39 Articles
US War on Iran Challenges China and 'Axis of Chaos' Partners
Washington’s one-two punch capturing Venezuela’s leader and then killing Iran’s in coordination with Israel has put Beijing on the back foot, according to former US officials who have helped craft China policy.
·United States
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To understand the Chinese can sometimes help some of their millennial sayings. Deng Xiaoping (1904-1997), the key leader of Chinese economic modernization liked to repeat: “Sit on the mountain and watch the tigers fight.” And in the last two months China seemed to look from its “mountain,” almost disinterestedly, two conflicts that hit its allies harshly. In a quick succession of events, US President Donald Trump took Venezuelan President Nicolá…
·Buenos Aires, Argentina
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Coverage Details
Total News Sources39
Leaning Left9Leaning Right7Center12Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 32%
C 43%
R 25%
Factuality
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