The Strait of Hormuz has been disrupted for almost four months. Analysts predicted $150–$200 oil. Instead, Brent crude is under $100. One of the reasons being that China has quietly slashed its oil imports by 3 million barrels a day which may have effectively shielded sudden oil shocks. China’s EVs, strategic reserves, and a slowing economy may have kept oil prices below $100 but for how long? Here's what's really happening.

Writer / Narrator: Tushar Swarup
Producer: Unnati Dubey
Graphic Designer: Simranjeet Singh
Video Editor: Pawan Arora

---

Strait of Hormuz | China | Crude Oil | Oil Barrel | EVs | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#straitofhormuz #china #crudeoil #oilbarrel #ev #china #technology #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost

Follow Firstpost on Website:
https://www.firstpost.com

Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/

Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/

Follow Firstpost on X:
https://twitter.com/firstpost

Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V

OC_VOICED