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EconomyChina faces oil challenge as prices soar and supply options narrow

China is drawing on large reserves and seeking alternative crude as disruptions to Middle Eastern exports intensify. The closure of a key Saudi pipeline, restrictions around the Strait of Hormuz and complications affecting Russian and Iranian oil are forcing Chinese refiners to look farther afield, adding pressure to oil prices in China and globally.

Chinaoil supplyoil pricesStrait of Hormuz

AAl Jazeera★★★★☆2026-09-17 14:48Original

China faces oil challenge as prices soar and supply options narrow
China faces oil challenge as prices soar and supply options narrowEconomy