Middle East conflict rattles nerves over global energy security,sparking calls for stronger safeguards . Analysts say China must boost naval escorts,find new shipping routes to protect key shipments. Lu Ruquan, president of the China National Petroleum Corporation Economics and Technology Research Institute,laid out these concerns in International Petroleum Economics.
Since Strait of Hormuz closed in March,weakness of major maritime chokepoints has been stark. Flow of goods like oil,gas,fertilizers has taken hit, driving up prices. Inflation's biting. U.S. inflation hit 4.2% in May — highest in three years.
Lu's analysis urges China to “strengthen escort capabilities,emergency responses and safety guarantees at critical nodes.” Urgency here can't be overstated. Strait's closure hasn't just shaken regional stability,it's rippled through global economy .
Washington's latest deal says Iran will allow safe passage for commercial ships between Persian Gulf and Sea of Oman for 60 days . But how effective will this be? Geopolitical tensions keep shifting…
