SECURITYSCMP CHINA
China won’t waste its reserves to cushion oil price impact of Iran war
Renewed US attacks on Iran have closed the Strait of Hormuz, a key oil trade route, likely pushing oil prices higher. With US strategic petroleum reserves at a 40-year low, analysts warn sustained prices above US$100 a barrel could accelerate inflation and trigger a recession. China is now under scrutiny for its response.
Related Signal
Adjacent reporting
- China won’t waste its reserves to cushion oil price impact of Iran war
- Oil hits $90 per barrel as US-Iran war escalates
- Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
- Oil is back above $90. The US has struck Iran nine days running. Stocks are trying to hold
- Oil rises as Iran threatens retaliation if Trump targets country's critical infrastructure
- Oil rises as U.S. continues to strike Tehran, reinstates blockade of Iranian ports