{"id":76644,"date":"2026-08-13T16:24:47","date_gmt":"2026-08-13T16:24:47","guid":{"rendered":"https:\/\/www.europesays.com\/videos\/76644\/"},"modified":"2026-08-13T16:24:47","modified_gmt":"2026-08-13T16:24:47","slug":"china-steps-in-as-iran-war-drains-us-oil-reserves-to-40-year-low-iran-the-latest-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/videos\/76644\/","title":{"rendered":"China steps in as Iran war drains US oil reserves to 40-year low | Iran: the Latest news"},"content":{"rendered":"<p><iframe loading=\"lazy\" title = \"China steps in as Iran war drains US oil reserves to 40-year low | Iran: the Latest news\"   width=\"580\" height=\"385\" src=\"https:\/\/www.youtube.com\/embed\/cED246cKkQI\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\n<br \/>\nChina steps in as Iran war drains US oil reserves to 40-year low | Iran: the Latest news<br \/>\n<br \/>\nAs Donald Trump\u2019s Iran war drags on and hostilities continue in the Strait of Hormuz and Red Sea, global energy markets are being reshaped &#8211; not by OPEC or the US, but by China.<\/p>\n<p>On today\u2019s episode of Iran: the Latest, Venetia Rainey talks to world economy editor Ambrose Evans-Pritchard about how Beijing has weaponised its internal oil demand to keep oil prices stable and bypass Saudi Arabia, even as US Strategic Petroleum Reserves have plunged to their lowest level since 1983. Why have oil prices remained largely stable and are those figures masking underlying economic turmoil?<\/p>\n<p>Plus: how the blockade of the Strait of Hormuz is pushing Iraq to the brink of total economic collapse and the worrying news of a recent Pew Survey measuring attitudes towards the US vs China. <\/p>\n<p>CHAPTERS<br \/>\n00:00 &#8211; Introduction and Episode Outline<br \/>\n01:29 &#8211; How China Reduced Its Global Oil Demand<br \/>\n03:39 &#8211; US Strategic Petroleum Reserve Hits 40-Year Low<br \/>\n05:15 &#8211; China Bypasses OPEC in Global Oil Market<br \/>\n08:59 &#8211; US Reserves Deplete to 1983 Threshold<br \/>\n12:01 &#8211; Red Sea Attacks Drive Pipeline Infrastructure Shift<br \/>\n15:53 &#8211; Strait of Hormuz Blockade Threatens Iraq&#8217;s Economy<br \/>\n18:20 &#8211; Post-Khamenei Leadership &#038; Iran&#8217;s Nuclear Stance<br \/>\n21:20 &#8211; Economic Pressure on the US vs Iran<br \/>\n23:05 &#8211; UK &#038; European Growth Slows Amid Energy Disruption<br \/>\n28:18 &#8211; Donald Trump&#8217;s Gulf Strategy Examined<br \/>\n31:58 &#8211; Global Trust Shifts: US vs China Pew Survey Results<\/p>\n<p>Highlights<br \/>\nIran war drains US strategic petroleum reserves to 40-year low<br \/>\nHow Beijing has kept oil prices stable and bypassed Saudi Arabia<br \/>\nCONTRIBUTORS:<br \/>\nVenetia Rainey, co-host and executive producer @venetiarainey<br \/>\nAmbrose Evans-Pritchard, world economy editor <\/p>\n<p>CONTENT REFERENCED:<br \/>\nAmbrose Evans-Pritchard: Trump\u2019s eternal March of Folly on Iran<br \/>\nhttps:\/\/www.telegraph.co.uk\/business\/2026\/07\/31\/trumps-eternal-march-of-folly-on-iran\/<\/p>\n<p>Trump targets Iran\u2019s economy as military campaign falters<br \/>\nhttps:\/\/www.telegraph.co.uk\/us\/politics\/2026\/08\/12\/trump-scott-bessent-end-iran-war\/<\/p>\n<p>Iran war threatens to cripple growth, Treasury warns Burnham<br \/>\nhttps:\/\/www.telegraph.co.uk\/business\/2026\/08\/12\/iran-war-threatens-to-cripple-growth-treasury-warns-burnham\/<\/p>\n<p>Winner Best News and Analysis Podcast &#8211; Publisher Podcast Awards 2026<br \/>\nNominated Podcast of the Year &#8211; Society of Editors News Podcasts Awards 2026<br \/>\nNominated Best News, Politics and Current Affairs &#8211; British Podcast Awards 2026<br \/>\nThe Telegraph, Winner Podcast Publisher of the Year 2026 &#8211; Publisher Podcast Awards 2026<\/p>\n<p>Video Producer: Max Bower<br \/>\nProducer: Peter Shevlin<br \/>\nResearcher and Social Producer: Anna Hindmarsh<br \/>\nStudio Operator: Andy Watson<br \/>\nExecutive Producer: Venetia Rainey <\/p>\n<p>#Geopolitics #GlobalEconomy #OilPrices #EnergyCrisis #Macroeconomics #IranWar #StraitOfHormuz #CrudeOil #ChinaEconomy #USForeignPolicy #MiddleEastNews #OPEC #Inflation #EnergyMarkets #IranTheLatest<\/p>\n<p>\u25ba Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day&#8217;s biggest stories, every morning. telegraph.co.uk\/fromtheeditor<br \/>\n\u25ba EMAIL US: Contact the team on battlelines@telegraph.co.uk<br \/>\n\u25ba GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https:\/\/www.telegraph.co.uk\/iran-war\/<\/p>\n","protected":false},"excerpt":{"rendered":"China steps in as Iran war drains US oil reserves to 40-year low | Iran: the Latest news&hellip;\n","protected":false},"author":2,"featured_media":76645,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[10],"tags":[63064,63066,63065,2095,26,63067,16703,63068,5186,63069,27,63070,337,348,63072,63071],"class_list":["post-76644","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-telegraph","tag-ambrose-evans-pritchard","tag-china-oil-market","tag-china-us-cold-war","tag-iran-nuclear-weapons","tag-iran-war","tag-iran-war-global-economy","tag-iran-war-news-today","tag-iraq-oil-crisis","tag-middle-east-war-2026","tag-oil-price-shock","tag-strait-of-hormuz","tag-telegraph-iran-the-latest","tag-the-telegraph","tag-trump-iran-war","tag-us-oil-reserves","tag-us-strategic-petroleum-reserve"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@videos\/117089206502675465","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/posts\/76644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/comments?post=76644"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/posts\/76644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/media\/76645"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/media?parent=76644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/categories?post=76644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/videos\/wp-json\/wp\/v2\/tags?post=76644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}