As war injects extreme volatility into oil and gas markets, the global race for energy security is making China stronger, according to Jacky Tang, emerging markets chief investment officer at the private banking arm of Deutsche Bank AG.
Two fully laden Chinese oil tankers are waiting outside the Strait of Hormuz, putting them in a position to become the first such vessels to leave the Gulf under a day-old US-Iran ceasefire, even as shipowners scrutinize the status of the narrow waterway.
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