This is John Batchler. Conversation with colleague Andrew Collier about China preparing or not for the Iran War and the way forward is there extra storage for oil.

Did they gather container ships to make sure that didn't get stuck in the Gulf?

Andrew answers in detail.

However, he does remind us.

These are state secrets.

Andrew Collier on China preparing or not for the Iran war, now in its 31st day.

More tonight.

Oh, yes. They've definitely increased their storage of oil,

and they were getting a lot of additional imports during the latter part of the year

and into the first part of 2026.

So they actually have, nobody knows exactly how much because it's a state secret,

but they have months and months of

supply of oil. So there's a good chance that they'll survive this war in better shape than most.

Plus, they are much more heavily non-oil-oriented. About 18% of their energy comes from oil

while the number in the United States is about 36 to 38%.

So although the United States does produce its own oil domestically.

So China is really in a better place to last year.

The real damage, though, is China's very heavily oriented towards the export market.

And if the global economy tanks, which is happening,

that would have a long-term damage on China.