World

China’s Role in Stabilizing Oil Prices Amidst Iran War

Updated 2026-09-10 06:40 UTC 1 source Positive

China played a crucial role in stabilizing global oil prices by stockpiling crude and reducing purchases after the war in Iran. This action helped prevent a deeper energy crisis.

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CNBC

'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies

China's crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.

2026-09-10 06:23 UTC