Commodities
China Evades Strait of Hormuz Blockade with Tanker Network
NPR's Rob Schmitz spoke with Austin Ramzy of the Wall Street Journal about how China is able to import oil from Iran despite blockades on the Strait of Hormuz.
A key factor in this ability is a network of Chinese tankers that travel through other shipping lanes, such as the Bab el-Mandeb Strait and the Malacca Strait.
This allows China to maintain its imports of Iranian oil, which are worth an estimated $1.5 billion annually, despite US sanctions aimed at disrupting Iran's energy exports.