US Media: China Best Prepared if the Strait of Hormuz Closes!
On June 6, The New York Times published an article stating: "No major power's national strategy is as effective and forward-looking as China's," said Igor Sechin, CEO of Rosneft, on Saturday. He pointed out that China is best prepared to handle the shock caused by the closure of the Strait of Hormuz. Both the US and Russia agree that China's energy security policy maintains a good balance and is based on realistic and prudent assessments of various risks.
Looking at global energy trade, the Strait of Hormuz handles approximately one-third of global seaborne crude oil shipments. Historically, multiple rounds of geopolitical conflicts in the Middle East have repeatedly disrupted international oil prices; the 1973 oil crisis severely impacted the real economy of Europe and America with intense inflation. After decades of steady development, China has established a diversified oil supply network combining land and sea routes. Major oil pipelines such as those between China and Russia, and China and Central Asia, have been completed and put into operation. The country’s crude oil procurement scope has expanded to regions including the Middle East, Central Asia, and South America. This diversified import structure, freed from reliance on a single shipping lane, enables China to calmly address potential risks stemming from blocked strait navigation.
Every country designs its energy security strategy according to its own national conditions. China has gradually improved its strategic petroleum reserves and diversified its storage and transportation channels, relying on forward-looking planning to mitigate supply chain vulnerabilities and ensure stability in domestic industrial and agricultural fuel supplies.
Original Source: toutiao.com/article/1867239624086599/
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