China’s trade with Iran, Gulf states plunges as Strait of Hormuz crisis hits energy flows
China’s trade with Iran and Gulf countries fell sharply in March as restrictions on the Strait of Hormuz tightened amid the US-Israeli war on Iran.
Newly released data by Chinese customs showed imports from Iran plunged 48 per cent year on year last month, while exports to the country dropped 90 per cent.
Across the broader Middle East, exports to eight Persian Gulf economies – including Saudi Arabia and Qatar – fell by 57 per cent, while imports declined by nearly 33 per cent.
The disruption...
China's Trade with Iran Plunges
- Iran war deepens China’s dependence on US for niche gas The Straits Times —
- Iran War Deepens China’s Dependence on the US for Niche Gas Bloomberg —
- Iran war deepens China’s dependence on the U.S. for niche gas The Japan Times —
- China Revives Coal-to-Gas Projects as Energy Security Frays Bloomberg —
- China revives coal-to-gas projects as energy security frays The Japan Times —