China imports roughly half of its oil from the Middle East.

Global energy markets reel as China cuts fuel exports and Hormuz shipping halts. Meanwhile, Trump maintains full military control after a failed Senate vote to rein in war powers. Get the latest on the US-Israel-Iran conflict here.

By Chen Aizhu and Siyi Liu SINGAPORE, March 2 (Reuters) - Refiners in China, the world's top oil importer, have enough supply on hand to weather near-term disruption from the Iran conflict, bolstered by recent record purchases of Iranian and Russian crude and robust government stockpiling,

Rubio made the rounds on Friday to members of the Gang of 8 to inform them the operation was in fact a go, sources said.

China has expressed its anger over Israeli-US strikes on Iran but, despite hits to its oil imports, will not risk its interests by confronting Washington and helping its long-standing partner,

China relied on Iran’s cheap, sanctioned oil and used the country to distract the U.S. from the Pacific. If the U.S. succeeds in its Middle East plans, China may be caught on its back foot.

In quick succession, US President Donald Trump has taken out two of Beijing’s closest allies: Venezuelan President Nicolás Maduro and Iranian Supreme Leader Ali Khamenei.

Speaking exclusively with Fortune, Wilbur Ross said the Iran war “is going at least as well as anyone could have hoped,” and that he is “intrigued” that China and Russia have not intervened.