First, Putin's Russia benefits from higher oil prices and relaxed sanctions on Russian oil, now China's renewable energy business gets a boost.
The commies are winning.
https://www.nytimes.com/2026/04/13/business/energy-environment/china-energy-battery-grid.html?unlocked_article_code=1.alA.rW-a.Z3d9kgOfzttP
Now the war with Iran has laid bare the risks of reliance on Middle Eastern oil and gas. Countries are realizing that all paths to renewable power run through China and its exporters.
Even if a cease-fire between the United States and Iran helps ease disruptions in the Strait of Hormuz, the shock has already grabbed the attention of governments worldwide. Faced with energy shortages, they are accelerating efforts to upgrade their power grids, bringing them to the doorstep of Chinese companies eager to supply them.