China Returns to Oil Market Amid Rising Tensions in Strait of Hormuz
China's oil imports have rebounded from lows after the Iran war, but remain below prewar levels.
A tanker unloads imported crude oil in Qingdao on September 2.
The Strait of Hormuz hostilities are putting upward pressure on prices.
Chinese oil imports have returned to the market at a time when tensions in the Middle East are causing concerns over global supply.