China News

103 readers

1 users here now

A community for china news

founded 5 months ago

MODERATORS

rss@news.abolish.capital

Salamence@lemmy.zip

RedWizard@news.abolish.capital

Salamence@mander.xyz

China faces oil squeeze after US-Israel strikes on Iran (www.scmp.com)

submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital

0 comments fedilink hide all child comments

Oil prices rose by the most in four years amid the US-Israeli war on Iran and the effective closure of the Strait of Hormuz, a key shipping lane for global crude supplies. Brent crude, the global benchmark, surged as much as 14 per cent to more than US$82 per barrel, the highest since January 2025, according to data compiled by Bloomberg. Shipowners and traders are largely avoiding the Strait of Hormuz that links the Persian Gulf to the Indian Ocean, which usually handles about 20 per cent of...

From China - South China Morning Post via This RSS Feed.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here