Is China’s ‘wise camel’ the winner from the US-Iran war?

The war between the US and Iran has reached the six-month mark without a resolution. President Trump, who initially projected a short military campaign, now employs an open-ended economic squeeze. While the US reduces Iran's leverage by moving oil out of the Strait of Hormuz, Iran and Oman are discussing frameworks for safer commercial passage. Regional mediators seek a broader off-ramp, while China has threatened retaliation with all necessary measures if the US imposes sanctions.