It's not "economic suicide" for China if Iran closes the Straits of Hormuz...

[AntiFascist]

as claimed by "Little Marco" Rubio. China only depends on a little over 10% of its oil from Iran.

[roamer65]

1. India gets 2/3 of its oil through the Straits.

[Melon]

2. It's not just Iran. It blocks Iraq Kuwait Qatar Bahrain Possibly UAE. 2/3 of Saudi oil goes out that way...

It absolutely would screw stuff up. Which is why I give Iran 24 hours of survival if they do.

[dalton99a]

3. Who supplies crude oil to China

Russia: US$94.8 billion (18.8% of China’s crude oil imports)
Malaysia: $51.6 billion (10.3%)
Saudi Arabia: $49.2 billion (9.8%)
Iraq: $38.2 billion (7.6%)
United Arab Emirates: $29.9 billion (5.9%)
Oman: $27.8 billion (5.5%)
Australia: $25.4 billion (5%)
United States: $23.1 billion (4.6%)
Brazil: $22.9 billion (4.6%)
Indonesia: $20.1 billion (4%)
Qatar: $19 billion (3.8%)
Angola: $17.5 billion (3.5%)
Kuwait: $10.8 billion (2.2%)
Turkmenistan: $9.6 billion (1.9%)
Mongolia: $8.7 billion (1.7%)

[EX500rider]

4. So almost 35% of China's oil comes thru the Gulf & out the straight

[AntiFascist]

5. Still, would that be "economic suicide"? n/t