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The Iran War and the Impact of Expensive Oil on China’s Economy

The Iran War and the Impact of Expensive Oil on China’s Economy

Last updated: March 17, 2026 12:49 pm
By Antonio Graceffo
1 Min Read
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The Iran War and the Impact of Expensive Oil on China’s Economy

A man works in a filling station of Sinopec, China Petroleum and Chemical Corporation, in Shanghai, China, on March 22, 2018. Johannes Eisele/AFP via Getty Images

Antonio Graceffo

3/16/2026|Updated: 3/17/2026

Commentary

The Iran war is disrupting the sanctioned oil supplies that underpin China’s low-cost manufacturing model, exposing deeper weaknesses in the country’s slowing economy.

Antonio Graceffo

Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.

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