The container ships Ever Gentle, MSC Kayley, Traiguen, and ZeusS Lumos, all registered under the flag of Liberia, are pictured moored at the UK’s largest freight port, in Felixstowe on the East coast of England, on March 12, 2026. Ben Stansall/AFP via Getty Images
As oil tankers halt operations in the Middle East to avoid risks amid the ongoing Iran war, crude oil and chemical raw material prices have risen sharply, creating significant pressure on China’s industrial chain.
Approximately 20 million barrels of crude oil passed through the Strait of Hormuz daily before the war broke out on Feb. 28, accounting for about one-fifth of global oil consumption. The Iran regime has been attacking ships traveling through the Strait of Hormuz, bringing this vital maritime energy route to a near standstill.
