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With Oil Flows Interrupted Through Hormuz, How China Keeps Its Economy Running

As U.S. and Israeli strikes on Iran continue, Iranian Foreign Minister Abbas Araghchi said in an interview with NBC News that Tehran would not close the Strait of Hormuz. However, the waterway has been almost effectively shut down by the war. Commercial ships and oil and gas tankers have chosen not to pass through it,…

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The shadowy network of Chinese oil refineries funding Iran

A few hundred miles from where Chinese leader Xi Jinping will roll out the red carpet for President Donald Trump this week, a shadowy ecosystem has long been at work pumping billions of dollars into Iran’s economy – now helping keep Tehran afloat in defiance of the US.

News and Publications with Erica Downs CNN • May 12, 2026
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