China releases hundreds of millions of barrels from strategic reserve after Iran closes Strait of Hormuz
When Iran closed the Strait of Hormuz earlier this year, experts projected oil prices would go to $200 a barrel. But then… they didn’t. In fact, while gasoline prices rose in the United States, and Europe and Asia suffered higher costs, the resulting energy crisis wasn’t even as bad as what…
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Appeared in: 2026-06-24 (#19)