Oldenwisdom...قول بزرگ
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"But Pickering is more focused on China than Iran. That's because China emerged as the so-called swing importer, cutting its world-leading oil imports by roughly 5 million barrels a day and leaning on its oil and fuel strategic reserves that also lead the world..."
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Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario | Fortune
Global oil flows remain stunted as stockpiles are depleted, and demand is set to rise again.fortune.com
This should be a wake up call to Pakistani users who think China would ever challenge the U.S. under Xi. When Trump visited China this year in the midst of the war with Iran, “magically” Chinese oil imports dropped due to “economic reasons” to help the Western AND INDIA AND JAPAN cope with the energy crisis.
What did Trump offer Xi to get him to do that?
China helping it own enemies that will one day choke off China energy needs without a second thought if it means helping collapsing China.
Now China is starting to increase imports again. But it should not be lost on people how easily and quickly Xi helped America/Europe/India/Japan. This level of appeasement is embarrassing and was a hallmark of Putin relations with Europe/America from 2000-2020. And in the end what did Russia get out of it? Xi is making the same critical errors that Putin did.
Western appeasement never ends well.
Your analysis doesn't help though...
China backed the ceasefire... pushed Pakistan and alleviated the global pressure by using their own reserves...
For China to resume buying now means that cushion is lost at the worst possible time for orange... he has not only no alternative... he burnt through the US reserves simultaneously. That when Russians themselves are feeling the pinch because their refining capacity has taken a devastating hit. They're importing fuel...
Putin played it badly... he allowed Ukraine to stabilize and establish their niche... his task is harder as EU goes on offensive. However, Russian front has greatly helped Iran in other ways... such as the depletion of critical munitions and interceptors that keep getting chewed up in that war. The US itself needs the sour crude as the winter approaches for heating oil consumers. It means a whole lot of oil is going off market while the reserves are heading to the bottom.
Orange overplayed his ego...
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