China Hits Record Oil Imports as Iran Crisis Risks Energy Security

China Hits Record Oil Imports as Iran Crisis Risks Energy Security
This aerial photo taken on Aug. 4, 2019 shows tugboats berthing an oil tanker at Qingdao port in Qingdao in China's eastern Shandong Province. STR/AFP via Getty Images
Chriss Street
Updated:
News Analysis

China is hitting all-time records for daily crude oil import volumes, just as the military confrontation between the United States and Iran threatens China’s energy supply security.