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Will the Iran War Revive Russia’s Power of Siberia 2 Pipeline?

China reassesses energy security amid Gulf disruptions as the blockade of Hormuz cuts 40% of its oil and 30% of LNG imports, prompting renewed Russia pipeline talks.

Summary by Oil Price
The war in Iran and the resulting energy shock could revive China’s interest in a long-stalled pipeline to import Russian gas, analysts told RFE/RL, potentially reshaping Beijing’s energy strategy. As countries are facing an energy shock after Iran shut the Strait of Hormuz, halting oil and liquefied natural gas (LNG) flows from the Gulf, Beijing is grappling with the potential loss of discounted Iranian oil and the risk of prolonged market disr…

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Tekedia broke the news in on Monday, March 23, 2026.
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