Beijing ¨C China¡¯s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions from the 51³Ô¹ÏÍø, although some sectors still face major snags, analysts say.
China is a net importer of oil, and more than half of its seaborne crude came from the Middle East last year, according to analytics firm Kpler.
The conflict triggered by Israel and the United States against Iran has halted almost all shipments from the Gulf area for six weeks now, with a shaky ceasefire deal struck this week extremely unlikely to lead to an immediate recovery.
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