While the world scrambles for oil, China sits on full tanks
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Source: The Age
Published: 2026-06-22 17:15 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Iran, Energy, China, World News, Business & Economy, Asia Pacific
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Snippet:
While the United States and Iran haggle over reopening the Strait of Hormuz and restoring oil exports from the Persian Gulf, China, the world’s largest oil importer, is not expected to quickly ramp up purchases from the region.
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