# The Iran War Revealed China Has a New Oil Weapon

https://mins.news/en/item/14963

- Bloomberg News, 2026-08-06 09:30 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-06/the-iran-war-revealed-china-has-a-new-oil-weapon?link_source=ta_bluesky_link&taid=6a74542469018900011c2d23

> When the Strait of Hormuz was first closed, many observers forecast that oil would surge to $200 a barrel. Bloomberg Opinion columnist Javier Blas examines why that dramatic price rise did not occur. The analysis links the Iran war with a newly visible form of Chinese leverage in the oil market. It focuses on the gap between expectations and the market’s actual response to the closure.

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