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While the World Scrambles for Oil, China Sits on Full Tanks
21 June 2026 at 10:01
The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
An oil refinery in Nanjing, in China’s eastern Jiangsu province, last month. Chinese companies kept their refineries running throughout the war.
© Hector Retamal/Agence France-Presse — Getty Images
