economy
China is also 'hurting' from the Iran ceasefire: Tiana Lowe Doescher
Washington Examiner economics columnist Tiana Lowe Doescher said Iran and China are both “hurting” as economic and energy pressures mount from the Iran war, even amid the ongoing two-week ceasefire.
TL;DR
- Tiana Lowe Doescher states Iran and China are experiencing economic and energy pressures due to the Iran war.
- China is a client state of Iran, making it vulnerable to disruptions in oil imports from the Strait of Hormuz.
- US tariffs threatened by Trump could further strain China's economy.
- China policy experts believe Beijing is unlikely to aggressively pursue a diplomatic resolution due to US blockades.
- China is structurally positioned to 'sit this out' due to petroleum reserves, diversified energy sources, and access to discounted Russian oil.
- Ambassador John Bolton notes China has about four months' worth of petroleum supply.
- The current two-week Iran ceasefire is set to expire on April 21.