Petroleum & China
68 shared events · Importance 22 · Last updated May 14, 2026
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International
Petroleum: Petroleum prices plunged following the ceasefire agreement and the temporary reopening of the Strait of Hormuz, after weeks of price increases due to the Middle East war.
China: China, as Iran's largest trading partner, quietly used its influence to help find a path toward a ceasefire between the United States and Iran.
Apr 07, 2026 · 79 articles
International
Petroleum: Petroleum is a commodity targeted for potential tariff reductions by China, which currently imposes a 10% retaliatory duty on U.S. imports.
China: China is engaging in trade talks with the United States to reduce tariffs on non-sensitive goods and potentially increase imports of energy and agricultural products from the United States.
May 13, 2026 · 6 articles
International
Petroleum: Petroleum rose more than 3% as the war with Iran threatens to drag on, contributing to inflation and market instability.
China: China is helping Kuwait build a port on Kuwait — Bubiyan Island and is a major buyer of Iranian oil, making it a key player in regional stability and the Iran war discussions.
May 12, 2026 · 9 articles
International
Petroleum: Petroleum is the commodity being illicitly transferred by Iran to evade U.S. sanctions, with significant volumes involved in the ship-to-ship operations.
China: China is the primary buyer of Iranian oil, purchasing about 90% of it, and is implicated in the illicit trade facilitated by ship-to-ship transfers.
May 13, 2026 · 6 articles
International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
China: China's export engine slowed sharply in March due to the conflict's impact on energy and transportation costs, affecting global demand for its manufactured goods.
Apr 08, 2026 · 307 articles
International
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
China: China is the biggest buyer of Iran's oil, and the United States is pressuring China to encourage Iran to reopen the Strait of Hormuz.
Apr 11, 2026 · 283 articles
International
Petroleum: The price of Petroleum has surged due to the Iran war, directly impacting gasoline, diesel, and jet fuel prices globally.
China: China is a major plastic user and polluter in Asia, heavily reliant on Middle Eastern feedstock, and is significantly affected by the plastic supply disruptions and price increases.
Apr 15, 2026 · 59 articles
International
Petroleum: The Iran war has caused spiking gasoline prices and increased costs for petroleum-derived products, as crude oil is a fundamental component for fuel and over 6,000 consumer products.
China: China's Foreign Minister Wang Yi met with Iran's Foreign Minister Abbas Araghchi in Beijing, indicating its role as a potential mediator due to its close economic and political ties with Iran.
Apr 22, 2026 · 43 articles
International
Petroleum: US crude oil futures fell below $100 per barrel after the announcement of a pause in 'Project Freedom', reflecting market reaction to potential de-escalation in the Strait of Hormuz conflict.
China: China is a key customer for Iranian oil and is involved in mediating talks between the United States and Iran, hosting meetings between their foreign ministers.
May 06, 2026 · 31 articles
International
Petroleum: Petroleum prices surged significantly due to the rejection of the peace proposal and the continued paralysis of shipping through the Strait of Hormuz, indicating market instability.
China: Donald Trump is expected to discuss Iran with Chinese President Xi Jinping, leaning on China to use its influence to push Tehran towards a deal with Washington.
May 10, 2026 · 35 articles
International
Petroleum: Global prices for Petroleum have surged due to disruptions in the Strait of Hormuz caused by Iran's actions.
China: China's Foreign Minister Wang Yi will skip the BRICS meeting due to US President Donald Trump's state visit to Beijing. China is a founding member of BRICS.
May 12, 2026 · 6 articles
International
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
China: China, as an ally of Iran, vetoed a prior International — United Nations Security Council resolution and expressed concern after a Chinese-crewed oil tanker was attacked near the Strait of Hormuz.
May 04, 2026 · 139 articles
International
Petroleum: The conflict and the closure of the Strait of Hormuz have significantly impacted global petroleum supplies and prices, leading to market volatility.
China: China, as Iran's main oil buyer, has expressed concern over the US blockade and called for the conflict to be resolved through political and diplomatic channels.
Apr 08, 2026 · 702 articles
International
Petroleum: The price of Petroleum has soared due to the closure of the Strait of Hormuz and reduced Middle East output, leading to revised demand forecasts.
China: Traders are looking to China for a high-stakes summit between the United States and China, where discussions about Iran are expected.
May 13, 2026 · 6 articles
International
Petroleum: Petroleum is relevant as the US had removed punitive tariffs on Indian goods linked to India's purchase of Russian oil, which was part of the earlier trade framework.
China: China is mentioned as having overtaken the United States as India's largest trading partner in 2025-26, providing context for India's trade relations.
Apr 19, 2026 · 28 articles
International
Petroleum: Oil prices, specifically Brent crude, have soared due to the tensions and blockades in the Strait of Hormuz, directly affecting global energy markets and consumers.
China: China is a competitor in rare earth minerals and humanoid robot technology, an unrelated business and technology event.
Apr 19, 2026 · 29 articles
International
Petroleum: Petroleum prices jumped due to expectations of a stronger global economy less burdened by tariffs, leading to increased demand for fuel.
May 12, 2025 · 6 articles
International
Petroleum: The price of Petroleum tumbled to its lowest level since 2021 due to worries that the trade war will weaken the global economy.
Apr 04, 2025 · 13 articles
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