Changes

At 2:17 p.m., China National Petroleum Corporation, the world’s largest state-owned oil company, announced the strategic reorganization of its global supply routes. That means the [[energy]] [[weapon]] has been re-activated, which in turn means the lifting of oil supply contracts with US refineries worth 47 billion dollars a year. This oil, previously delivered to the east coast of the US, has now been diverted to [[India]], [[Brazil]], [[South Africa]] and other partners in the [[Global South]]. This caused oil prices to skyrocket by 23 percent in a single trading session. . . .

At 2:17 p.m., China National Petroleum Corporation, the world’s largest state-owned oil company, announced the strategic reorganization of its global supply routes. That means the [[energy]] [[weapon]] has been re-activated, which in turn means the lifting of oil supply contracts with US refineries worth 47 billion dollars a year. This oil, previously delivered to the east coast of the US, has now been diverted to [[India]], [[Brazil]], [[South Africa]] and other partners in the [[Global South]]. This caused oil prices to skyrocket by 23 percent in a single trading session. . . .

In another train, the China Ocean Shipping Company, which controls about 40 percent of global maritime transport capabilities, conducted a so-called optimization of operational routes, meaning Chinese cargo ships have begun to avoid the use of American ports: Long Beach, Los Angeles, New York and Miami, which relies on Chinese maritime logistics for their supply chains, suddenly lost 35 percent of their normal container traffic – a disaster for Walmart, Amazon, Target, and others. These companies, which rely on Chinese ships for the import of products manufactured in China into American ports, saw their supply chains partially collapse within a few hours.

In another train, the China Ocean Shipping Company, which controls about 40 percent of global maritime transport capabilities, conducted a so-called optimization of operational routes, meaning Chinese cargo ships have begun to avoid the use of American ports: Long Beach, Los Angeles, New York and Miami, which relies on Chinese maritime [[logistics]] for their [[supply chain]]s, suddenly lost 35 percent of their normal container traffic – a disaster for Walmart, Amazon, Target, and others. These companies, which rely on Chinese ships for the import of products manufactured in China into American ports, saw their supply chains partially collapse within a few hours.

====Relations with Iran====

====Relations with Iran====