China's EV Boom Is Quietly Undermining Oil's Biggest Chokepoint ...Middle East

The conventional view of the Hormuz crisis is that China has been caught in an energy trap. It is the world’s largest crude importer, the Gulf remains one of its most important sources of supply, and an estimated 45–50% of Chinese crude imports normally transit the Strait of Hormuz. When traffic through the strait slows, Beijing cannot simply replace all those barrels overnight. That vulnerability is real. But it is also incomplete. China entered this crisis with large strategic and commercial inventories, diversified suppliers and…

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