Will the Iran War Revive Russia’s Power of Siberia 2 Pipeline? ...Middle East

The war in Iran and the resulting energy shock could revive China’s interest in a long-stalled pipeline to import Russian gas, analysts told RFE/RL, potentially reshaping Beijing’s energy strategy. As countries are facing an energy shock after Iran shut the Strait of Hormuz, halting oil and liquefied natural gas (LNG) flows from the Gulf, Beijing is grappling with the potential loss of discounted Iranian oil and the risk of prolonged market disruption, prompting a rethink of its reliance on a chokepoint that carries roughly 40 percent…

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