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CNN Arabic
China's gains amid Strait of Hormuz closure
China emerged as a major beneficiary of the closure of the Strait of Hormuz during the US-Israeli war on Iran, managing to mitigate the impact of halted oil flows and highlighting its ability to diversify its energy supply sources. This granted it strategic advantages and helped ease the shock to global oil markets. Additionally, it capitalized on the crisis to strengthen its position as a stable economy and a reliable partner, despite the potential impact of rising raw material prices and a slowing global economy on future demand for its exports. According to a report by The Asia Group, China is currently in a strong position to face the economic fluctuations resulting from the crisis.
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