Europe’s New Energy Calculus Makes China a Winner

Energy analysts sifting through the supply-chain detritus left by the US-Israel war with Iran have concluded that China will come out on top. Deutsche Bank on Thursday wrote that extreme volatility in oil and gas markets seems to be playing out to the benefit of Beijing.

Even as the six-week conflict (now the subject of a shaky ceasefire agreement) reshaped the future of energy, China’s status as a titan of clean tech puts it in a unique position to help governments now even more desperate to wean themselves off Middle East imports.