China's Oil Strategy Challenges Iran's Hormuz Disruption Plans
A report from Khorasan Daily questions whether China's reduction in crude oil purchases has undermined Iran's strategy to disrupt the Strait of Hormuz. The strait, a critical oil passage, has been a focal point in Iran's crisis planning, with the assumption that its closure would spike global oil prices. However, China's strategic petroleum reserve drawdowns and reliance on Russian oil have mitigated market disruptions. This analysis, coming from a publication aligned with Iran's negotiation team, suggests a shift in market power from producers to consumers like China. 
