China’s Oil Stockpiles Steady the Market as Iran Tensions Loom

Oil prices have stayed volatile but avoided the worst spikes feared from the Iran conflict, thanks largely to China’s massive oil stockpile (about 1.4 billion barrels) and its move toward energy self-reliance, which helped soften global demand when Hormuz disruptions flare. Analysts say prices could jump to roughly $95–$120 a barrel if violence escalates and major infrastructure is hit, though Brent has hovered near $100 per barrel; the situation is being watched ahead of Trump–Xi talks that could shape Iran policy and energy-flow decisions.