Concerned view of China and India on the possibility of tension in the Strait of Hormuz / The commercial life of India and China depends on the Strait of Hormuz

According to the exclusive report of Energy Press, the continuation of tensions in the Middle East and the possibility of expanding conflicts at the regional level have prompted many experts to speculate about possible future scenarios. One of these scenarios is the increase of conflicts to the extent that it will lead to the closure of the Strait of Hormuz or at least disruption of its activity. According to experts, this possible event will have a wide impact on many countries, including India and China.
China’s dependence on the life pulse of energy transmission
Closing the Strait of Hormuz will mean stopping 90% of oil exports from countries in the Persian Gulf region and stopping the commercial transactions of many of these countries. Of course, the current tensions have not reached a stage that has fundamentally changed the energy market and trade in this strait has not been affected, but this situation can change in an instant.
It should also be taken into account that the annual traffic of 60,000 ocean-going commercial ships and the daily passage of more than 35 million barrels of crude oil from the countries of Iran, Saudi Arabia, Qatar, Kuwait, Iraq and the United Arab Emirates to their transboundary destinations show their high importance. It has the Strait of Hormuz.
China’s dependence on energy exporters through the Strait of Hormuz requires careful consideration. From January to September, China imported 4.2 million barrels per day of crude oil through the Strait of Hormuz, accounting for 43% of the country’s crude oil. This amount includes about 1.35 barrels per day of Iran’s crude oil and gas condensate, which has increased by 27% from last year, as more Chinese refineries have turned to exports at Iran’s discount to improve refining margins.
It should also be considered that with the increase of China’s reliance on Persian Gulf oil, the strategic interests of this country to maintain the security and stability of the Strait of Hormuz have also increased. In addition, the military presence of the United States and its allies in the strait has encouraged China to expand its influence in the region to protect its commercial interests.
It should also be taken into account that China supplies about 25% of its total liquefied natural gas imports from Qatar every year, and the bottleneck of this volume is the Strait of Hormuz. According to experts, two-thirds of China’s annual trade is conducted through the Strait of Malacca, which includes 80% of the country’s energy imports, and the main route to reach this strait for many exporting countries to Beijing is the Strait of Hormuz.