China & Iraq
129 shared events · Importance 13 · Last updated Aug 24, 2026
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Business
China: China cut crude imports sharply during the war, pressuring prices; imports may resume if prices fall further.
Iraq: Iraq is pressing for higher quotas to compensate for war losses and has considered leaving OPEC.
Mar 09, 2018 · 108 articles
International
China: China>>>'s crude imports were significantly lower in May, acting as a balancing factor in markets and explaining weaker prices despite supply issues.
Iraq: Iraq>>>'s finances have been substantially damaged by reduced oil revenues due to the conflict, and a lack of storage capacity has forced it to shut down oil fields, making its recovery of oil production complicated and potentially lengthy.
May 21, 2026 · 14 articles
International
China: China is Iran's largest oil buyer, purchasing over 80% of its shipped oil, and faces potential secondary sanctions. The US pressure could disrupt China's oil supply and its independent refiners, while risking retaliation in trade and rare-earth exports.
Iraq: Iraq is affected by the conflict, with Iranian attacks on its energy facilities and desalination plants. It also receives oil tanker passage permissions from Iran, indicating complex relations.
Aug 20, 2026 · 73 articles
International
China: Chinese shipping giants halted tanker transits through Hormuz, reducing oil flow and adding to supply concerns.
Iraq: Iraq approved alternative export mechanisms to bypass Hormuz, mitigating some supply disruption.
Aug 17, 2026 · 33 articles
International
China: China is a major oil importer affected by supply disruptions. It has suspended strategic reserve purchases and may face higher energy costs.
Iraq: Iraq's oil exports are constrained by the Hormuz closure, reducing revenues. It is seeking alternative pipeline routes and has signed agreements with US firms to boost energy infrastructure.
Apr 08, 2026 · 416 articles
International
China: Iranian crude offers to Chinese buyers declined, impacting its oil imports.
Iraq: Supply curtailment from Iraq adds to global oil supply tightness.
Aug 21, 2026 · 6 articles
International
China: China is the largest buyer of Iranian oil, and the blockade disrupts its supply of discounted crude. Chinese teapot refiners face higher costs and supply uncertainty, prompting them to seek alternative sources.
Iraq: Iraq is another alternative supplier; Chinese teapots are looking at Basrah crude, potentially increasing demand for Iraqi oil.
Aug 21, 2026 · 6 articles
International
China: Two Chinese supertankers carrying Saudi oil transited the Red Sea; Chinese refiner Sinopec chartered vessels.
Iraq: Prime Minister visited Tehran to mediate; border crossing with Iran was struck by US missiles.
Jul 22, 2026 · 334 articles
Business
China: China>>>, as the world's largest crude oil buyer, drastically lowered crude imports due to weaker refining activity and lower refined-product exports, contributing to the slowing demand that prompted Saudi Arabia>>>'s price cuts.
Iraq: Iraq>>>'s state oil marketer Somo cut June selling prices for its main export grades, Basrah Medium and Basrah Heavy, for its core Asia-Pacific market, aligning with regional price adjustments.
Jun 08, 2026 · 7 articles
International
China: China's GDP growth forecast for 2026 has been revised downwards due to the global economic slowdown caused by the Middle East conflict.
Iraq: Iraq has experienced significant downgrades in its GDP growth forecast due to the conflict's impact on energy exports.
Jun 17, 2025 · 62 articles
International
China: China is the main buyer of Iranian oil, purchasing over 80% of its exports. The U.S. is pressuring China to cooperate with sanctions, which could strain U.S.-China relations and affect global oil trade. China has urged diplomacy.
Iraq: Iraq is a neighbor of Iran and could be affected by sanctions and regional instability. It may face pressure to cut ties with Iran, but also risks Iranian retaliation.
Aug 22, 2026 · 25 articles
International
China: China's factory activity expanded due to stockpiling, but it is also a source of global trade imbalances and faces pressure from G7 nations regarding its industrial policies.
Iraq: Iraq is one of the Persian Gulf producers whose oil supplies have been disrupted by the Strait of Hormuz closure, and it has struck arrangements with Iran to move oil.
May 05, 2026 · 374 articles
International
China: China called for an end to hostilities and supports Pakistan's mediation. It is concerned about disruptions to trade routes and has economic interests in reopening the Strait of Hormuz.
Iraq: Iraq reported drone attacks on camps housing Iranian opposition groups, and drones were launched from its territory targeting Saudi Arabia. It is a staging ground for Iran-backed militias.
Jul 08, 2026 · 472 articles
International
China: China is a major buyer of Iranian crude; offers to Chinese buyers have declined and prices jumped due to the US blockade, affecting China's oil supply.
Iraq: Iraq received permission for its oil tankers to pass through the Strait of Hormuz, easing its oil exports amid regional tensions.
Aug 23, 2026 · 14 articles
International
China: China has reduced crude imports due to the conflict, impacting global oil demand.
Iraq: Iraq has seen US troop deaths and Iranian attacks, while hosting US forces and mediating between the sides.
Apr 20, 2026 · 709 articles
International
China: China is a major oil importer and has been warned by Trump, while also being accused of providing support to Iran.
Iraq: Iraq hosts US forces and has been a site of drone attacks, while also being involved in funeral ceremonies for Khamenei.
Mar 09, 2018 · 488 articles
International
China: China's Shanghai Composite fell 2.1%, reflecting regional risk-off sentiment and concerns about global demand.
Iraq: Location where US service member was killed during controlled detonation of Iranian drone.
Apr 20, 2026 · 304 articles
International
China: China, a supporter of Iran, expressed 'great concern' at the United Nations Security Council regarding the drone attack on the Barakah nuclear power plant.
Iraq: Drones were launched from Iraq against the United Arab Emirates and other Gulf countries. Iraq's government denies detecting these launches, but the presence of Iranian-backed militia groups within its borders suggests a potential source for the attacks, impacting its international relations.
May 16, 2026 · 262 articles
International
China: China has welcomed the interim agreement and urged for the swift reopening of the Strait of Hormuz to ensure the stability of global industrial and supply chains. Its foreign minister, Wang Yi, has called for continued efforts towards peace and stability in the Middle East.
Iraq: Iraq is a major Gulf producer whose oil exports transit through the Strait of Hormuz. The reopening of the strait is crucial for its energy exports and global market stability.
Apr 20, 2026 · 302 articles
International
China: A Chinese company's building in Kuwait was hit by an Iranian strike, killing one worker.
Iraq: Iraq is a battleground where U.S.-Saudi strikes hit Iran-backed militias, killing at least 20 fighters. The Iraqi government denounced the strikes as a violation of sovereignty, straining its relations with both sides.
Feb 08, 2026 · 308 articles
International
China: China>>> is a significant economic partner for Iran>>> and has been involved in diplomatic efforts to reopen the Strait of Hormuz. Its tankers are now transiting the strait under new Iranian rules.
Iraq: Iraq's Umm Qasr port was the site of an attack on an Oman Shipping Company vessel, indicating the spillover of the conflict into its territory. This highlights the broader regional instability affecting its infrastructure and trade.
Apr 20, 2026 · 607 articles
International
China: China's ample crude inventories may reduce near-term purchases, a bearish factor for oil.
Iraq: Host to Iranian-backed militias and US forces, facing drone attacks. Its stability is important for regional oil supply.
Feb 08, 2026 · 380 articles
International
China: China is a major buyer of Gulf oil and has diplomatic influence. It benefits from discounted Iranian oil but avoids military involvement.
Iraq: Iraq hosts Iranian-backed militias and has been subject to US strikes, making it a flashpoint.
Jun 16, 2026 · 349 articles
International
China: Ambassador met with Iranian officials; China is a major oil importer affected by Hormuz closure.
Iraq: Affected by regional conflict, with Iran-backed groups and US presence, and included in Trump's compensation demands.
Jul 28, 2026 · 318 articles
International
China: China, as Iran's top trading partner, is involved in discussions to resolve the Middle East crisis, with Pakistani officials visiting to discuss mediation efforts.
Iraq: Iraq is the territory from which drone attacks on Gulf countries, including Saudi Arabia, Kuwait, and the UAE's Barakah nuclear power plant, originated, with Iran backing groups accused of these attacks.
Jun 03, 2026 · 17 articles
International
China: China called for talks and is a major oil importer affected by supply disruptions. It has not taken a direct role.
Iraq: Iraq has shot down attack drones over Irbil and condemned the conflict. It hosts US forces and Iran-backed militias.
Apr 20, 2026 · 480 articles
International
China: Held direct talks with Houthis to secure safe passage for its tankers; called for renewed negotiations.
Iraq: Drones launched from Iraq toward Saudi Arabia; Iraqi PM ordered investigation.
Mar 09, 2018 · 462 articles
International
China: China>>> has economic ties with Iran>>> and has been urged by the United States>>> to help broker a peace agreement, while also having its tankers transit the Strait of Hormuz>>>.
Iraq: Iraq>>> has been involved in oil export deals with Iran>>> and has seen drone attacks on Saudi Arabia>>> reportedly originating from its territory.
May 07, 2026 · 362 articles
International
China: China, a major buyer of Iranian oil, has seen its seaborne crude oil imports drop, contributing to the global oil market's oversupply as it draws down inventories.
Iraq: Iraq has been drawn into the Middle East war and is expected to participate in discussions regarding the future management of the Strait of Hormuz.
Apr 20, 2026 · 390 articles
International
China: Two Chinese tankers laden with oil exited the Strait of Hormuz, indicating a potential easing of the conflict's impact on global energy supplies, which positively affects China's energy security.
Iraq: Shiite armed groups in Iraq>>> are among Iran's>>> proxies. The deal includes a commitment for Iran>>> not to interfere in the domestic affairs of countries in the region, which implicitly affects Iran's>>> support for these groups in Iraq>>>.
May 19, 2026 · 327 articles
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