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China won’t waste its reserves to cushion oil price impact of Iran war

South China Morning Post

BusinessSouth China Morning Post·Jul 20, 2026·1 min read

China won’t waste its reserves to cushion oil price impact of Iran war

Oil prices are set to rise once more as renewed US attacks on Iran leave the Strait of Hormuz, a major artery of oil trade, closed again. With US strategic petroleum reserves at their lowest in over 40 years, America will have trouble…

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