The Strait of Hormuz has been disrupted for almost four months. Analysts predicted $150–$200 oil. Instead, Brent crude is under $100. One of the reasons being that China has quietly slashed its oil imports by 3 million barrels a day which may have effectively shielded sudden oil shocks. China’s EVs, strategic reserves, and a slowing economy may have kept oil prices below $100 but for how long? Here’s what’s really happening.
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Strait of Hormuz | China | Crude Oil | Oil Barrel | EVs | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
#straitofhormuz #china #crudeoil #oilbarrel #ev #china #technology #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews
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