this post was submitted on 09 Mar 2026
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As oil prices climbed past $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive to a prolonged closure of the Strait of Hormuz than many of its Asian peers.”

“China has accumulated one of the world’s largest strategic and commercial crude reserves,” the analysts said, adding that its “rapid transition toward electric vehicles and renewable energy provides an additional structural hedge.”

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[–] Spacehooks@reddthat.com 7 points 1 hour ago (1 children)

Almost like renewables helps relieve the stress and instability from factors you cant control. Who would have thought?

[–] anomnom@sh.itjust.works 1 points 3 minutes ago

When the weather is more reliable than a countries geriatric leadership.

[–] Corporal_Punishment@feddit.uk 6 points 1 hour ago

China, unlike the rest of us, plans ahead.

[–] NoneOfUrBusiness@fedia.io 1 points 1 hour ago (1 children)

Gulf oil has basically been the sword of Damocles hanging over their neck for decades; of course they've got plans for when it's cut off.

[–] whyNotSquirrel@sh.itjust.works 1 points 8 minutes ago

Just like US and Europe. I mean the sword thing, not the plans