The oil crisis may depend on China: here's why | Alan Kohler | ABC NEWS
The Middle East conflict has rattled oil markets, but where the prices go in the future depends more on China's appetite to import than whether the Strait of Hormuz can reopen. Alan Kohler says China's sharp drop in oil imports has offset supply concerns, but if they resume their 10-million-barrel-a-day appetite will dictate where oil prices, and interest rates go. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-07-1... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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