China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year.

By Sam Li and Lewis Jackson BEIJING, July 14 (Reuters) - China's June crude imports slumped 41.3% to their lowest in almost a decade as refinery run rates hit a ten-year low due to weak domestic demand and export curbs on refined oil products to safeguard energy security amid the Iran war.

Tehran's top China policy official says a new coalition is forming with Iran and China at its center.

When US and Israeli bombs first began falling on Iran at the end of February, China’s leaders were staring at the very real possibility of another friendly regime being decapitated, much like had happened with Venezuela only weeks before.

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

U.S. President Donald Trump says the peace deal with Iran is "over," while China warns against a return to war.

By Michael Martina WASHINGTON, July 14 (Reuters) - U.S. lawmakers introduced a bipartisan bill on Tuesday to increase penalties for foreign government agents who threaten people on U.S. soil, a move aimed at countering the rise of what officials call "transnational repression" by countries such as China and Iran.

Oil and gas shortages triggered by the US war against Iran should be a lesson to countries to accelerate their energy transitions, according to China’s climate envoy.

Oil markets are erupting as the Strait of Hormuz closes again, yet American drivers are somehow still paying less at the pump than they were two months ago. One country holds the key, and its patience is running out.

The US military will officially resume its naval blockade of ships going to and from Iranian ports on Tuesday afternoon at 4pm eastern time, US Central Command said Monday. President Donald Trump said earlier on Monday that the blockade would be reinstated and that the US would act as the “guardian” of the Strait of Hormuz,

Iran’s ambassador to Beijing said China and other friendly nations will be granted “special considerations” when Tehran determines the level and nature of service fees charged to ships using the Strait of Hormuz.