China confronts Middle East supply shock, as State Council mulls energy strategy

Beijing is putting its power strategy under the microscope as China navigates the impact of a shipping crisis in the Strait of Hormuz that risks becoming a long-term economic liability. Calling energy security a pillar of national stability, Premier Li Qiang on Monday convened a high-level study session of the State Council, China’s Cabinet, according to Xinhua. The meeting, focused on coordinating energy security and the sector’s transformation, was the latest in a series of policy discussions...