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CommoditiesMediumUpdated×4•Originally published 13 April 2026•Updated 15 April 2026•

1 min read

Russia Pledges Energy Support to China Amid Naval Blockade and Hormuz Crisis

Map of the Middle East with fighter jets, missiles, oil barrels, gold bars, oil rigs, and stock charts under a fiery sky.

Key Facts

1China is securing alternative energy sources from Central Asia to reduce reliance on the Middle East.

about 2 months ago

Version History

Version 4about 2 months ago

What changed: The story was updated to include Russia's diplomatic intervention and Moscow's pledge to fill the energy supply gap caused by the US naval blockade.

Version 3about 2 months ago

What changed: The story was updated to include Asia-Pacific supply chain disruptions, ongoing negotiations in Islamabad, and projections of significant voyage delays even if Strait of Hormuz transit normalizes.

Version 2about 2 months ago

What changed: The story was updated to include new data showing Iranian oil in floating storage for China reached a peak since January (38 million barrels) as a hedge against Strait of Hormuz disruptions.

Version 1about 2 months ago

What changed: Updated with new data showing an 11% drop in natural gas imports and a 22% slump in LNG for March, alongside an annual decline in crude oil imports.

China's energy security strategy has pivoted toward active diplomatic cooperation following a meeting between Russian Foreign Minister Sergey Lavrov and President Xi Jinping in Beijing. Russia has pledged to increase energy supplies to fill the resource gap created by a US-imposed naval blockade and the ongoing Strait of Hormuz crisis. This intervention aims to provide a critical cushion for independent 'teapot' refiners as the broader Asia-Pacific region struggles with supply disruptions that could take weeks to resolve. Lavrov's visit also serves as a foundation for an upcoming summit between Xi and Putin scheduled for the first half of this year. Market participants are closely monitoring how this strengthened Sino-Russian energy alliance will stabilize global trade dynamics and influence the USD/CNY currency pair amid heightening geopolitical friction.