The Iran war is causing a global energy crisis - can China withstand it?

Following US-Israeli strikes against Iran in late February, Iran has threatened vessels in the Strait of Hormuz, a critical shipping route, leading to a global energy crisis. The Strait's closure has disrupted approximately 20 million barrels of oil shipments daily, causing oil prices to surge. Asian countries reliant on Gulf oil, like the Philippines and Indonesia, are struggling with shortages. China, the world's largest oil buyer, is also feeling the strain, though its diversified energy sources and strategic planning put it in a better position than some neighbors. While China imports significant oil from the Gulf, it also relies on domestic production and pipeline imports from Russia, primarily for its northern regions, which remain unaffected by the Strait's closure.

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