trump says xi agrees iran must open strait china says war shouldnt have started live

The closure of the Strait of Hormuz creates an acute supply shortage for global crude oil, directly affecting Brent and WTI prices. The channel is supply_shortage (arz darlığı) with logistics disruption. Impact is global but especially severe for Asian and European importers. China's potential sanction relief could increase Iranian oil flows, but near-term scarcity persists. Winners: alternative oil producers (US shale, OPEC+ spare capacity) and shipping companies able to navigate risks. Losers: net oil importers, refiners without alternative supply, and downstream petrochemical margins.