How China Seemingly Weathered The Iran War Oil Storm
Hanke, professor of Applied Economics at Johns Hopkins University, told the Daily Caller News Foundation.China spent 2025 adding an average of 1.1 million barrels a day to its strategic oil inventories, pushing the stockpile to roughly 1.4 billion barrels by December, Axios reported. By the time the Iran war broke out, Beijing’s reserve stood well above the roughly 413 million barrels held by the U.S. and the 263 million held by Japan. There’s also the fact they buy oil from Russia at a deep discount, and Russia could, until recently (thanks to Ukraine), ship oil to China fairly regularly,” JD Foster, former Norman B.
- ▪Hanke, professor of Applied Economics at Johns Hopkins University, told the Daily Caller News Foundation.China spent 2025 adding an average of 1.1 million barrels a day to its strategic oil inventories, pushing the stockpile to roughly 1.4
- ▪By the time the Iran war broke out, Beijing’s reserve stood well above the roughly 413 million barrels held by the U.S. and the 263 million held by Japan.
- ▪There’s also the fact they buy oil from Russia at a deep discount, and Russia could, until recently (thanks to Ukraine), ship oil to China fairly regularly,” JD Foster, former Norman B.
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| Original publisher | Dailycaller |
| Canonical URL | https://dailycaller.com/2026/08/10/china-oil-crisis-strait-of-hormuz-iran-war |
| Publication time | Mon, 10 Aug 2026 12:38:06 +0000 |
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Energy How China Seemingly Weathered The Iran War Oil Storm (Photo credit should read AMELIE HERENSTEIN/AFP via Getty Images) Paris Apodaca Energy Fellow August 10, 2026 8:38 AM ET August 10, 2026 8:38 AM ET Paris Apodaca Energy Fellow Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); China played the long game, and now that strategy is seemingly paying off as the rest of the world feels the Iran War’s worst oil shocks.The Iran War triggered global disruption when the closure…
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