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Iran War Projected to Favor Chinese Economy and Diplomacy
China's Economic Advantages and Energy Strategy
The potential closure of the Strait of Hormuz due to Middle East conflicts involving Iran has heightened global economic instability. However, China is expected to experience less impact, having aggressively increased its oil reserves over several years. China's oil reserves, the world's largest, amount to 1.2 to 1.4 billion barrels, sufficient for approximately four months. Long-term contracts for low-priced Russian oil have also played a significant role. If Iran actively engages in transactions using the yuan, it could lay a limited foundation for China's long-cherished 'petro-yuan' initiative.
Post-War Energy Market and Diplomatic Impact
An Iran war leading to higher oil prices is expected to boost global interest in eco-friendly energy, potentially allowing China to dominate the green technology industry. Chinese companies currently hold about 70% of the global manufacturing capacity for eco-friendly energy equipment like solar panels and batteries. Furthermore, there is a possibility that China will play a leading role in the reconstruction of infrastructure in Gulf nations damaged by the war. Diplomatically, Iran's dependence on China is projected to deepen due to its weakened state, and the Global South nations might lean towards China amid criticism of the United States.
*Source: Yahoo!ニュース (2026-03-31)*
