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EnergyReader · 2026-08-10 16:32

China Tapped 41 Million Barrels of Reserves in June to Outlast the Hormuz Supply Shock

By EnergyReader Newsroom ·
ICE Brent crude front-month was trading at $86.84 a barrel on Monday (2026-08-10), elevated but a long way from the triple-digit levels markets feared when the Iran conflict erupted. The Doomberg newsletter, writing on July 29 (2026-07-29), observed that China had "deftly weathered the storm" of the war's disruption to energy markets — a verdict the flow data now largely supports.
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