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Strait of Malacca

China Energy and Power International Trade and World Market Iran Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates)Production Ships and Shipping Stockpiling Strait of Hormuz Strait of Malacca United States United States International Relations United States Politics and Government US and Israeli Attack on Iran (2026)Xi Jinping

September 17, 2026 Rebecca F. Elliott and Keith Bradsher

As a New Oil Power, China Gains More Sway Over Energy Markets

The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.

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