China emerges as a significant beneficiary of the US-Iran conflict, leveraging its strategic partnership with Iran and control over the Strait of Hormuz. China's influence in the region has grown, with Iran's oil exports and sanctions evasion heavily dependent on Beijing. ¹ ² ³
*Key Points:*
- China is Iran's largest oil buyer and trade partner
- Iran's economic lifeline runs heavily through China
- China gains indirect leverage over the Strait of Hormuz
- Iran charges tolls on vessels passing through the strait, with China-linked oil tankers attempting to exit
The Strait of Hormuz is a critical waterway, handling 20% of global oil flows and 19% of seaborne liquefied natural gas. Iran's control over the strait gives it significant leverage, with potential implications for global energy markets. ⁴ ⁵ ⁶