China widens oil purchases to extend influence from US to Iran
🔴 Tension RisingNikkei Asia2026-05-12
China is expanding its crude oil purchases from the U.S. to bolster its energy security during President Trump's visit, circumventing disruptions in the Persian Gulf. Fifteen tankers departed the U.S. for China in April, avoiding the use of strategic reserves. This reflects a growing energy security competition between the U.S. and China.