'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies
AI Summary
China's crude oil stockpiling and reduced purchases since the outbreak of war in Iran helped prevent a steeper global energy crisis. This strategic behavior has been critical in stabilizing oil prices amid supply disruptions.
China's crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.
World Conflict Markets Commodities Energy China oil prices crude stockpiling Iran war energy crisis supply disruption