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The Strait of Hormuz closure
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After the Strait of Hormuz closed, China cut crude imports by 40 percent from April through June 2026 and drew down pre-war stockpiles. The reduction helped stabilize global oil prices, but the report does not say the strait has reopened or that the disruption to oil flows has ended.
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20 Million Barrels Vanished. China Kept the Price From Exploding.
Up to 20 million barrels a day vanished at the April peak. Prices never exploded — because Beijing stopped buying and lived off a 1.2-billion-barrel stockpile.
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- No confirmed size of China's total import cut or exact Middle East export loss.
- No confirmed explanation for how Chinese demand was met without disruption.
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