Iran conflict will accelerate China’s push to become an ‘energy powerhouse’, analysts say

Analysts say the escalating conflict in the Middle East, disrupting shipping via the Strait of Hormuz, will accelerate China's energy security efforts. While the conflict doesn't pose an immediate threat to China's crude supply due to existing inventories and shipments already en route, prolonged disruptions would affect China's crude sourcing, as roughly 65% of its seaborne crude imports originate from the Middle East. China is considered better positioned than other Asian refiners to manage potential feedstock curtailment due to its substantial crude stockpiles. Previously, China imported around 1.4 million barrels per day of oil from Iran, primarily for independent refineries, a trade that could be at risk if the US takes control of Iranian oil flows.

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