Iran war shows China role in setting the price of oil
One daysingle sourceOne outlet reported this, once - no second voice in this corpus.
All 1 reports on Thu, 30 July 2026
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Thu, 30 July 2026
1 report- Axios09:15first to report
Data: China's General Administration of Customs; Chart: Matt Phillips/Axios The Iran war has revealed China's enormous power over global oil prices, thanks to its position as the world's largest buyer. Why it matters: China's reaction to the oil shock — by substantially withdrawing from buying on world markets — helped prevent the worst of the price spikes that experts thought would follow from the effective closure of the Strait of Hormuz. Catch up quick: After the U.S. and Israel launched the...