mo4ch:>'Cutting off oil supplies to China is equal to a declaration of war' - analyst | Mo4ch News

As the US-China trade war continues to escalate, Beijing and its energy giants appear to be bracing for a worst-case scenario where the spat would drag on for years and possibly result in Chinese foreign oil supply stifled.The idea that the world’s top oil importer could see some of its overseas crude supply blocked has always been an unthinkable notion, but now some analysts and Chinese industry executives suggest that China should prepare for the very worst of the worst, such as its oil supply impacted by a lengthy trade dispute.“China is now looking at its oil supply situation from the worst-case scenario, like what the US has done to Iran,” Laban Yu, an analyst with Jefferies Group LLC in Hong Kong, told Bloomberg. “Obviously, China believes now more than ever that similar US sanctions against a whole country could happen to China.”Also on rt.comChina rebuffs US penalties threat for allowing ship with Iranian oil to enter Hong KongChinese oil industry executives said this past wee…