Through a number of energy deals and and agreements with Iran, Iraq, and Oman, China has consolidated its grip over key oil transit routes from the Middle East
back in September 2019. The same deal also gives China a hold over the Bab al-Mandab Strait, through which crude oil is shipped upwards through the Red Sea towards the Suez Canal before moving into the Mediterranean and then westwards.
With the Iran-Oman relationship now even tighter – a move long opposed by the U.S. – China can move ahead with plans to build out Iran’s LNG capabilities, which will marry Iran’s vast gas resources with Oman’s underused LNG production facilities. This is again much more important than just finally giving Iran an LNG industry, for two key reasons. First, LNG is the new emergency energy staple of the U.S.
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