However, the strikes on Iran do pose some risk to China, especially when it comes to oil. Losing cheap oil from Iran would be a blow to China, although a manageable one. China’s crude oil imports increased by 4.4% last year, with more than 80% of that increase being stockpiled, according to calculations based on data from Rystad Energy. A critical momentAnd there may be some aspects in which China could benefit from the unrest unleashed by Washington’s military salvoes. These weapons are all reliant on semiconductors and radars made with gallium, a critical mineral whose supply chain China controls.

Source: The Guardian March 03, 2026 13:37 UTC