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Energy
China’s ability to adjust import volumes counteracts supply disruptions from Hormuz
An oil tanker docks at a terminal off Waidiao island in China’s Zhejiang province. (China Daily via Reuters)
TOKYO — Anticipated crude oil price surges following the U.S.-Iran military confrontation were averted as China’s ability to modulate energy imports offset supply chain disruptions in the Strait of Hormuz. Strategic adjustments in import volumes allowed the global market to mitigate potential volatility despite heightened tensions in the region.
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