The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
This post first appeared in The New York Times – Business. Read the original article.As a New Oil Power, China Gains More Sway Over Energy Markets
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China, Energy and Power, International Trade and World Market, Iran, Oil (Petroleum) and Gasoline, Organization of the Petroleum Exporting Countries, Prices (Fares, Fees and Rates), Production, Ships and Shipping, Stockpiling, Strait of Hormuz, Strait of Malacca, United States, United States International Relations, United States Politics and Government, US and Israeli Attack on Iran (2026), Xi Jinping