Another article from the other day contains this: And even more importantly, China has slashed its crude imports, turning instead to massive stockpiles. (https

Another article from the other day contains this: And even more importantly, China has slashed its crude imports, turning instead to massive stockpiles. (https://www.cnn.com/2026/06/09/business/oil-strait-of-hormuz-iran-gas-prices https://www.cnn.com/2026/06/09/business/oil-strait-of-hormuz...) Sounds like they're burning through their reserves as well. But since China's economy is more centrally controlled, it's likely they keep bigger reserves.