Hormuz Crisis Puts Global Energy Security in Focus as Sechin Points to Alternative Supply Routes
Hormuz Crisis Highlights Energy Security Risks China’s strategic oil reserves are estimated at 1.4 billion barrels. In 2026, China reduced oil imports by 5.5 million barrels per day. Sechin said experts estimate that without these measures, oil prices could have been another $30 per barrel higher. According to Sechin, China was able to manage the impact of the Hormuz crisis...