Articles tagged “Strait of Hormuz”

China's 1.4B-Barrel Oil Reserve Dwarfs the US

New EIA data shows China stockpiled nearly 1.4 billion barrels of oil before the Iran conflict — more than triple the US Strategic Petroleum Reserve — letting it slash imports by a third without economic pain.

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Oil Stays Below $100 Despite Hormuz Blockade

More than three months after the Strait of Hormuz was effectively closed, oil sits below $100 a barrel — far from the $200+ many feared. Record US exports, a 40% drop in Chinese imports, and strategic reserve releases are holding the line.