Tensions in the Middle East are raising fears of Iran blocking the Strait of Hormuz. China, a major energy importer, could be impacted, but it has diversified energy sources.

“The Strait of Hormuz is very important to Iranian allies such as China, because most of Iran's oil goes to China. Closing the Strait would also turn relations between Iran and the GCC [Gulf ...

“The Strait of Hormuz is very important to Iranian allies such as China, because most of Iran's oil goes to China.

China, the largest buyer of Iranian oil, sourced 5.4 million barrels per day through the Strait of Hormuz in the first quarter this year, while India and South Korea imported 2.1 million and 1.7 ...