3 ms·

Sure. But the US has substantial domestic production. So China (and everyone else who has to import the majority of their oil) gets hurt more.

• mememememememo 7mo ago
  How to win friends and influence people.
• cbsmith 7mo ago
  Short term, you might be right. However... higher oil prices also increase energy prices across the board, and China's energy sector is dominant in renewables. I think they're more than happy to have the competing energy sources become even more expensive.
• cbsmith 7mo ago
  ...and of course the US has a lot of other industries that are hurt by this: https://www.npr.org/2026/03/26/g-s1-115240/iran-war-strait-hormuz-fertilizer-exports-farmers-planting-season https://www.npr.org/2026/03/26/g-s1-115240/iran-war-strait-h...
• appointment 7mo ago
  The US oil companies will export their oil to China (or Japan, South Korea and other major oil importers, in lieu of oil bought by China.)
  • lmm 7mo ago
    At a minimum that will reduce the trade deficit.
    • cbsmith 7mo ago
      Maybe? I wouldn't count on it. The US may be a net petro exporter, but it's about 1% of GDP. The other 99% are not going to do well with inflated energy prices. So exports might net go down.