Can China rely on domestic oil after Iran, Venezuela shocks?
DW.comJanuary 22, 2026 at 1:12 PM1 min read
Donald Trump's moves against two key suppliers have revived debate over China’s fragile oil balance. With domestic output flat and oil fields aging, how much capacity — if any — exists to raise production?
China gets up to a fifth of its imported oil from Iran and another 4 to 5% from Venezuela, often through clandestine channels to skirt United States sanctions — or at least it did before recent disruptions. US President Donald Trump's move earlier th... [6252 chars]
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January 22, 2026 at 1:12 PM
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