Tag: Strait of Hormuz
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China Caps Fuel Price Surge as Iran War Ripples Through Pump Prices
China on Monday moved to limit a sharp rise in gasoline and diesel prices, cushioning the blow to consumers as the Iran war drove global crude prices higher. The National Development and Reform Commission said the increases would take effect from ...
After Gulf Conflict, China Is Likely to Deepen Its Regional Engagement
A reporter asked me today to look beyond the current turmoil in the Persian Gulf to forecast how China might respond when the fighting eventually stops. The crux of his question is whether Beijing will remain as engaged in the Persian Gulf as it has been for ...
China Finds a Way Through Hormuz Crisis as Others Stall
While the world anxiously awaits what happens when U.S. President Donald Trump's 48-hour deadline for Iran to reopen the Strait of Hormuz expires, Chinese energy shipments are steadily, albeit slowly, making the dangerous journey. Over the weekend, reports of two oil cargo ...
Iran Offers Safe Passage to BRICS Partners as China’s Role Looms Large
Iran offered “safe passage” through the Strait of Hormuz to South Africa and other BRICS countries, underscoring how the ongoing conflict is reshaping shipping access along one of the world’s most critical energy chokepoints. Tehran signaled that “friendly countries” would be ...
Taiwan Rejects China’s Energy Security ‘Reunification’ Offer Amid Middle East War
Taiwan's government on Thursday rejected an offer by China for what it said would be energy security if the island agreed to Beijing's rule, an expected response given Taipei has long said it does not want to be governed by its giant neighbor.
Iran Ambassador Praises South Africa Ties, Urges BRICS Support
Iran's ambassador to South Africa offered safe passage through the Strait of Hormuz for South African cargoes Wednesday and urged all BRICS nations to demand an end to U.S.-Israel "aggression". South Africa's links with Iran are a sticking point in its ...
From Beijing to Brussels, Energy Crisis Triggers Global Shift Away from Oil Dependence
By Anna Hirtenstein and Kate Abnett The energy shock from the Iran war has policymakers around the globe rethinking ways to reduce long-term dependence on oil and gas imports, with proposals to expand nuclear energy and renewables, grow strategic stockpiles and ...
Chinese Supertanker Routes Saudi Crude via Red Sea, Bypassing Hormuz
The Kai Jing, a Very Large Crude Carrier operated by China Merchants Energy Shipping, passed through the Red Sea's Bab el-Mandeb Strait on March 16 carrying 2.2 million barrels of Saudi crude—the first Chinese supertanker to bypass the Strait of Hormuz since its de facto closure on March ...
Chinese Analysts Say the Iran Conflict May Leave China Better Positioned Than the United States
There was no media coverage in China on Monday about U.S. President Donald Trump's request that Beijing contribute military forces to a coalition to force Iran to reopen the Strait of Hormuz. This is not unusual, as it often takes a day or two for the government ...
3 Reasons China Will Ignore Donald Trump’s Demand to Contribute Forces to Re-Open Strait of Hormuz
President Donald Trump on Sunday called on China and several European nations to join a U.S.-led military coalition aimed at forcing Iran to reopen the Strait of Hormuz, the strategic waterway that carries roughly a fifth of the world’s oil supply. ...
How the Strait of Hormuz Disruption Exposed Southeast Asia’s Fragile LNG Strategy
Conflict in the Middle East has only intensified over the past two years. The recent disruption of the Strait of Hormuz, the world's most critical energy chokepoint, has sent shockwaves across Southeast Asia, a region heavily dependent on fossil fuel imports. ...
FT: Trump Pressures China to Help Reopen Strait of Hormuz, Warns NATO of “Very Bad” Future
U.S. President Donald Trump has warned that NATO faces a “very bad” future if U.S. allies fail to assist in opening up the Strait of Hormuz, in an interview with the Financial Times published on Sunday. Trump told the FT he ...