China Holds Largest Oil Stockpiles As Prolonged Iran War Raises Fears Of Global Supply Shock: Report

Source: International Business Times

AFP China has sharply expanded its crude oil stockpiles over the past year, building what analysts describe as one of the largest energy buffers in modern history as the war involving Iran continues to destabilize global supply routes and push markets into sustained volatility. The buildup comes at a moment when the Strait of Hormuz remains closed both by the U. S.