Hormuz Crisis Reveals China’s Distinct Oil Strategy

Beijing is pursuing an independent energy strategy, reducing reliance on U.S. energy supplies and minimizing reliance on global coordination

An oil tanker is pictured at a terminal in China’s Zhejiang province. Since roughly 70% of China’s petroleum consumption is imported, the country regards oil as essential to its energy security. (China Daily via Reuters)

In Tokyo, the recent U.S.-China summit in Beijing, which attracted worldwide attention, revealed an increasing rift between the two superpowers, especially in the energy domain.

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