For years, China had been preparing for the scenario that the Iran war and the closure of the Strait of Hormuz made a reality. Now the instability in the Middle East can even turn to China’s advantage. The strategist warns that there are also several companies on the Helsinki stock exchange that may suffer from China’s squeeze.
Delivery.
An oil tanker brought a cargo of crude oil to China’s Quindao port at the beginning of April. China is very dependent on imported oil, but the country also has a new ace up its sleeve.
CREDIT: Costfoto/NurPhoto/Shutterstock/AOP
Summary
- China has been the largest buyer of Iranian crude oil, and the Strait of Hormuz has been an important channel for Chinese oil imports. However, China had prepared for a crisis like the Iran war in many different ways.
- China’s cheap high-tech export products have raised concerns in Europe, and the Iran crisis may partly boost China’s position.
https://aiphonecalls.co.uk/industries/salons/
https://aiphonecalls.co.uk/industries/plumbers/
https://aiphonecalls.co.uk/case-studies/billingham-properties-estate-agent-case-study/
https://aiphonecalls.co.uk/blog/ai-receptionists/how-fast-should-ai-answer/