A lot going on in the Middle East. And seems China has successfully safeguarded it's interest with ease. Seems like India realises again that only Russia is its long term and time tested ally who has shown willingness to export more crude to india. Even a Iran Naval ship which was in India for Naval exercise and now while returning back was destroyed by a US submarine in Indian ocean close to Srilanka. Will Iran allowing Chinese cargo through Strait of Hormuz Help keep Crude price in check a bit considering China is the biggest importer of crude? I think the major reason that Iran is allowing oil to china is because china buys 80% of iran's oil exports, iran needs money to fight war and keeping their trade running is the way to go. China always supports iran in such conflicts which is why it is considered more important "ally" than other countries. India has always taken a neutral stand in middle eastern matters so we dont get the pass. Plus, Iran's strategy is to impact oil trades between other middle east countries and rest of the world so panic sets in and US is forced to retreat. Strait of hormuz is their only negotiation tool. Kind of like india has indus water control to keep pak in check. Your thoughts regarding the matter????
