Why China is getting crushed by the blockade?
I'll summarize a few key points here:
China isn't able to supply it's own energy (unlike the US which can). It's massively dependent on oil from Russia (2 million barrels/day) and the Gulf (Iran and Saudi Arabia: 5.4 million barrels per day).
The US blockaid has cut off all Gulf oil creating a devastating shortage of oil/natural gas which is crushing Chinese manufacturing. Russia can't spool up to increase their exports significantly.
Meanwhile, Iran's temporary oil storage is filling up (probably will hit capacity in 3-4 days). When that happens, they'll be forced to shutter wells (breaking the pump gear and other equipment), putting them out of commission for years.
China, the EU and Iran is getting slammed by the blockade, not the US. Yes, gas priced are up temporarily here...but I suspect Iran will soon cry uncle. Unless of course I wrong...in which case-why are you listening to me?
BTW, China realizes that we have our thumb on their jugular and can apply pressure anytime we wish if they don't play fair. Voldemort is the first American president to apply this pressure.
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