# The secret reason oil prices didn’t spiral after the Iran war

https://mins.news/en/video/22429

- DW News, 2026-08-14 17:03 UTC
- Economy
- Original: https://www.youtube.com/watch?v=lwexLt9k0ac

> As the Iran war threatened a global economic collapse, China cut its crude oil imports by 40% between February and June. The sharp pullback acted as a major shock absorber, helping stabilize oil prices when chaos was widely expected.

## Related coverage

- [Oil set for weekly gains after US threatens indefinite blockade of Iran](https://mins.news/en/item/22238) — Reuters, 2026-08-14
- [How far can global oil supplies stretch if the Iran war continues?](https://mins.news/en/video/21519) — Reuters, 2026-08-13
