China Panics, Urges Ceasefire To Reopen Strait Of Hormuz As Beijing Is Addicted To Cheap Iranian Crude

Certainly taking out Maduro and now Iran, also serves to corner the rogue buyer which is China.  The discount just ended and China can easily go back to paying the world price.  It is not as iff suppply disappeared.

We have also had serious silence on Taiwan adventurism from China as well.  Maybe they finally understood that all their imported oil can be blockaded easily.

They may also have understood that triggering a war can be easily expanded into a coalittion of the willing including all their neighbors mobalising to put millions in the field.  Understand that they are watching Canada assemble just that in what is a strategic eye blink in response to USA faux hegemony.

just like that apparent weakness evaporated.

China Panics, Urges Ceasefire To Reopen Strait Of Hormuz As Beijing Is Addicted To Cheap Iranian Crude

Tuesday, Mar 03, 2026 - 07:10 AM


Chinese Foreign Ministry spokeswoman Mao Ning said at Tuesday's regular press briefing in Beijing that all parties in the Iran conflict must ensure the safe transit of commercial shipping through the critical maritime energy chokepoint of the Strait of Hormuz.

"China urges all parties to immediately cease military operations, avoid escalating tensions, and safeguard the safety of navigation in the Strait of Hormuz," spokeswoman Ning said.

We've briefed readers that China is heavily exposed to cheap Iranian crude exports. About 80% of Iran's oil exports - about 1.6 million barrels per day - go to China.


This means Beijing will do everything in its power to preserve this lifeline and remove any blockage in Hormuz.



And this.



Chinese officials have reportedly been pressing Iran not to disrupt tanker traffic, damage Qatari gas exports, or hit major export hubs, according to Bloomberg.

The latest AIS shipping tracking data via Bloomberg shows the Strait of Hormuz remains paralyzed, with Iran's Revolutionary Guards commander threatening fire and destruction to any ship that transits the narrow waterway.



Our latest reporting shows that a day after a reported Iranian drone strike forced Saudi Arabia's largest oil refinery offline, there are numerous reports of drone strikes on critical Gulf energy infrastructure on Tuesday morning (read report).

We highly recommend that readers review a report titled "The Iran Question Is All About China" to better understand that this conflict extends well beyond Iran.

Looking ahead, top U.S. and Chinese trade negotiators are expected to meet in mid-March, according to Bloomberg, ahead of a planned Trump-Xi summit later this month. Trump's moves against Venezuela and now Iran can be viewed as an effort to tighten pressure on two of Beijing's cheap crude supplies before those talks (that's if those talks don't get canceled).