China Shows Resilience to Iran War Oil Shock Amidst Asian Vulnerabilities

China is weathering the Iran war oil shock better than others in Asia

As the war in Iran rages and the consequences of the shock to commodity markets become clearer, the vulnerability of Asia’s economies tops the list of concerns in the research reports of investment banks. The region’s reliance on energy imports from the Gulf has come under scrutiny. The facts speak for themselves. Three-quarters of the oil supplies that passed through the Strait of Hormuz before Iran effectively closed the waterway were destined for China, India, Japan and South Korea. While...

By Nicholas Spiro