Well the assumption Iran’s largest buyer, China at 40%, had not prepared for such a scenario is laughable. They’ve spent the last decade focusing on energy independence by aggressively building oil storage and production capabilities. China “only has three months of oil reserves” is propaganda. Claiming 20% of the world’s oil supply flows through the Strait of Hormuz is technically propaganda—there’s plenty of available untapped supply. Iran was nothing more than sanctioned oil at a steep discount for the Chinese. This idea that the largest consumers of oil have not invested heavily in energy independence by sitting on untapped domestic oil supply is laughable as well.