China’s careful approach to ensuring its energy security is paying off, even as the closure of the Strait of Hormuz damages the global economy.

The entire world is being hurt by the US/Israel war on Iran, particularly by the closure of the Hormuz Strait, doubly closed, first by Iran, and then by the US. Everywhere the cost is being counted in increased fuel, fertiliser and food prices, higher inflation and interest rates, and a weaker global economy.

https://pearlsandirritations.com/post/2026/05/china-on-the-way-to-being-the-first-electro-state/?utm_source=pi_news&utm_medium=email&utm_campaign=daily-2026-05-25