Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out?
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Source: Zero Hedge
Published: 2026-07-24 07:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Property, Middle East, Asia, Military & Defence, Iran, Energy, Economy & Finance, Weather, China, Financial Markets, Business & Economy, Environment & Climate, War & Conflict, Asia Pacific
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Snippet:
The new troubling development is that maritime chokepoint chaos spread overnight from the Strait of Hormuz to the Bab el-Mandeb Strait, where Iran-backed Houthis targeted two Saudi Arabian tankers. The attacks expose yet another maritime chokepoint and risk further physical market tightening, forcing traders to price a larger war-risk premium into Brent crude futures and pushing the benchmark above $100 a barrel Thursday morning.
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