Iran, China
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A House committee report finds China used a shadow fleet to buy sanctioned oil from Iran, Russia and Venezuela, stockpiling a massive strategic reserve.
China is pushing for a negotiated solution to a crisis that threatens its economic and strategic interests across the Middle East.
China's focus on electrification amid Iran war oil shock may offer long-term benefits, with clean energy stocks rising despite short-term challenges.
Iran is isolated, fighting a war for its survival. Yet China and Russia, Iran’s supposed partners, are conspicuously absent. Both countries condemned the attacks on Iran and called for an end to hostilities,
Beijing and Islamabad back de-escalation efforts as war-driven shipping delays in the Strait of Hormuz strain energy flows and global trade.
The Iran conflict is disrupting oil flows China relies on as Trump delays a planned Xi meeting, raising new questions about leverage and the broader U.S.-China relationship.
China has officially maintained a neutral and non-interventionist posture, but its language and actions reflect a clear tilt towards Iran’s sovereignty.
With the exception of China, Asian stocks are down about 16%. It is the same oil shock, but Asia is bearing the brunt of the Iran conflict worse than the U.S.