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stevenwoo 18 hours ago

China had the foresight to fill its petroleum reserves when prices were lower( so much so they raised prices just by that action) and can keep going for four more months with very little impact from the USA/Iran/Israel war. They simply raised gas prices to get consumers to stop driving ICE so much and moved its internal petrochemical industry (largest in world according to article) to replace Middle East imports and stop exporting (causing the mini crisis in neighbors who imported from China). The standoff situation in Middle East has to continue for four consecutive months before we see China having to take other measures.