Sinopec Shifts to Russian Oil as Hormuz Blockade Cuts Mideast Supply
🛢️ BEIJING — China's largest refiner is rerouting supply while staying silent on Hormuz. 📌 LOOK CLOSER: Sinopec absorbing Russian crude signals Beijing has chosen economic insulation over diplomatic intervention. Moscow gains a captive buyer; Tehran loses leverage with China. If Beijing doesn't need Hormuz reopened urgently, Washington loses its key pressure point on Xi to broker a deal.