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Saudi Aramco’s Q2 2026 profits forecasted

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Saudi Aramco’s Q2 2026 profits forecasted

Al-Awal reports 2.33B riyals in Q2 2026

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Al-Awal reports 2.33B riyals in Q2 2026

US introduces 50% tariffs on Canadian goods

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US introduces 50% tariffs on Canadian goods

China commits to economic support amid growth slowdown

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China commits to economic support amid growth slowdown

US issues global alert to citizens

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US issues global alert to citizens
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China's Strategy in the Strait of Hormuz

China's Strategy in the Strait of Hormuz

The article focused on China's strategy to shift to alternative energy sources and reduce its dependence on imported oil through the Strait of Hormuz, amid the geopolitical tensions affecting global oil supplies. Data showed a decline in Chinese oil imports since the onset of the crisis, alongside ongoing shifts toward electric vehicles and electric power, which now account for 62% of new car sales—comprising electric and hybrid vehicles. China has also increased its strategic reserves to over a billion barrels to bolster its energy security, while heavily investing in renewable energy and the development of clean energy industries, with the goal of achieving complete independence from oil in the long term. Additionally, Beijing has restructured its import sources by increasing reliance on Russian oil and expanding domestic pipelines, enhancing its geostrategic influence and signaling a change in its strategies to confront future challenges.

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