China stockpiled huge amounts of oil before Iran war

Data: U.S. Energy Information Administration; Chart: Amy Harder/Axios China has stashed away far more oil than any other country, according to U.S. government data released this week. Why it matters: The stockpile, which surged last year, is emerging as a strategic advantage as the world faces an oil shock with the Strait of Hormuz largely shut. The big picture: China is a huge winner in the Iran