A surprising winner of the Iran war: China?

The Middle East conflict's potential impact on China's energy position is examined, challenging the assumption that China will be a big economic loser due to its reliance on Middle Eastern oil imports. Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, argues that China's energy dominance could be strengthened. China's proactive energy security policies, such as increasing electrification, expanding renewable energy sources, and establishing a substantial strategic oil reserve, are designed to reduce exposure to volatile global markets. The discussion also covers Europe's energy challenges, including rising natural gas prices and the need to diversify energy sources, and the potential for the war to accelerate the global clean energy transition.