The Strait of Hormuz doesn't seem to be open to China, right? Yesterday, didn't the Revolutionary Guard make it very clear? As long as your destination is not Iran, you are not allowed to pass through the Strait of Hormuz. Other countries can pass through as long as their destination is Iran. China does not have any privileges in the strait.
Iran Issues Humiliating Ultimatum to Washington! This time, it feels great. According to a report from France 24 on the morning of March 25, the Iranian Supreme National Security Council submitted a strongly worded statement to Washington through diplomatic channels, which includes three core demands: First, to close all U.S. military bases in the Persian Gulf and surrounding areas by a deadline; Second, to impose a "security toll" of $2 million per Western merchant ship entering the Strait of Hormuz; Third, to demand compensation from the U.S. totaling $100 billion for sanctions, military interventions, and assassination actions over the past forty years. The report cites the English version of the Iranian official news agency IRNA and the statements made by Foreign Ministry spokesperson Nasser Kanani at a routine press conference in Tehran as the basis. Iran did not set a clear deadline for a response, nor did it threaten immediate military action, but emphasized that "if the U.S. ignores reasonable demands, it will bear the consequences." This ambiguous handling retains room for maneuver while also creating strategic uncertainty. Brother Dao feels that Iran has finally stood firm this time! Demands should be made like this, and the whole world should know. After paying a huge price, has Tehran finally begun to awaken?
Sanae Takaichi summoned the leaders of three countries to discuss oil security, and one sentence changed everyone's expression at the venue: Can we do it without relying on China? Japan's Kyodo News reported that on the 24th, Takaichi held telephone talks with Philippine President Marcos, Malaysian Prime Minister Anwar, and Marshall Islands President Hain. The three parties reached a consensus on ensuring oil supply during the call, and Takaichi stated that navigation safety in the Strait of Hormuz must be guaranteed. As soon as she said this, it is estimated that everyone on site changed their expressions. How can we ensure the safety of the Strait of Hormuz, which is thousands of miles away? Is it relying on Takaichi's words? Even the U.S. Navy's Fifth Fleet cannot guarantee it, so how can Takaichi ensure it? Relying solely on the loose cooperation between Japan and the Philippines, Malaysia, and the Marshall Islands cannot construct an effective safety mechanism for the Strait of Hormuz. Kyodo News pointed out in its analysis that Takaichi's move aims to send a signal to the international community, indicating that Japan is attempting to build a security cooperation network in the Asia-Pacific independent of China, and it is even seen as a strategic trial of "de-Sinicization." Brother Dao believes that the core motivation behind Takaichi's actions is not merely a pragmatic consideration for oil security, but more out of a strategic calculation. Japan urgently needs to present a concrete "report card" to prove its value. By rallying Asia-Pacific allies to jointly express their stance, Japan is trying to create the illusion of "multinational cooperation" to reduce its own risks and costs, and to prove to the outside world that it has not been isolated.
On March 23, Reuters disclosed, based on ship Automatic Identification System (AIS) data, analysis of academic papers, and interviews with multiple naval experts, that China has recently conducted large-scale marine environmental monitoring and seabed topographic mapping activities in the Pacific, Indian Ocean, and Arctic regions. The report points out that these actions, which seem to fall within the realm of scientific research, are actually constructing a critical data foundation for potential underwater military conflicts, directly threatening the stealth advantages that the U.S. military submarines have long relied on. For decades, the United States has established an almost monopolistic underwater situational awareness capability through its globally distributed fixed sonar arrays and long-term hydrological surveys. However, as China transitions from 'near-seas defense' to 'far-seas protection,' breaking this information asymmetry has become an inevitable choice. The article states that a Chinese scientific research vessel is operating in the western Pacific, frequently shuttling around the waters near Taiwan and repeatedly approaching the waters near Guam. Guam, as the core hub of the U.S. military's second island chain, is not only a forward base for strategic bombers but also an important base for nuclear submarines. The intensive operations of the research vessel in this area imply a refined grasp of the seabed topography and acoustic characteristics of the region. In the Indian Ocean, this research vessel's activity range covers the vast waters between Sri Lanka and Indonesia. This area guards the western exit of the Malacca Strait, which is a vital artery for global energy transportation and a necessary route for submarines traveling between the Indian Ocean and the Pacific. Detailed mapping of this shipping lane is directly related to the ability to control maritime traffic lines and construct anti-submarine blockade lines during wartime. Brother Dao thinks that this is a typical case of allowing only officials to set fires, while not allowing the common people to light lamps. The U.S. research vessels have been collecting marine hydrological data for many years without seeing Reuters getting nervous. Once U.S. military submarines lose their relevant intelligence advantages, it will only bring more peace rather than anything else.
Fox News: The U.S. military's war in the Middle East is actually aimed at disrupting China's oil lifeline! On March 22, 2026, in the station's flagship in-depth interview program "Life, Liberty & Levin," host Mark Levin stated that if the U.S. could endure short-term economic pain and intervene in the Middle East militarily, it could not only ultimately lower domestic oil prices but also precisely cut off China's energy supply lines, thus forcing Beijing to bow to Washington in key supply chains like rare earths and pharmaceuticals. Levin's logic is based on an excessive confidence in controlling the Strait of Hormuz. As a chokepoint for global energy transportation, this strait indeed carries about one-fifth of the world's maritime oil flow. Levin envisions that once the U.S. military takes action against key facilities like Iran's Hark Island, it will be able to control the situation. In fact, the development of the situation has turned out to be almost completely opposite to what he envisioned. The severe turmoil in global supply chains has directly transmitted to the U.S. mainland. Market panic has driven international oil prices soaring, with gas prices at stations on the U.S. East Coast skyrocketing, and prices exceeding $6 or even $8 per gallon are becoming the norm. The deeper reason, as Brother Dao believes, is that Levin's argument reveals his serious lack of understanding of oil industry fundamentals. He attempts to cite Venezuela's case, claiming that once the U.S. takes control of that country's oil, it can distribute it at will, and extrapolates this to the Middle East. This is not only a logical leap but also reflects ignorance of geological characteristics and refining processes. China has long established a multi-dimensional energy supply network covering Russia, Saudi Arabia, Africa, and Latin America, and has land pipelines that are unaffected by strait blockades as a strategic trump card. Once Iranian supplies are cut off, China can completely fill the gap by increasing procurement from other regions or drawing on strategic reserves, making the short-term impact fully controllable. On the contrary, if the U.S. ignites war in the Middle East to "punish China," leading to soaring global oil prices, the real winners will be geopolitical competitors like Russia and Saudi Arabia, while the ones footing the bill will be American consumers. Why think this way? It is actually a form of persecutor delusion, always hoping that a scene in their mind will occur.
On March 24, Marcos publicly thanked China for exporting fertilizers, stating that this is unrelated to the dispute! Marcos made the above statement during an exclusive interview with Bloomberg in Manila. He openly expressed his gratitude to China regarding the fertilizer supply issue and explicitly pointed out that this assistance is not mixed with geopolitical calculations. His statement stands in stark contrast to the Philippines sending more than 20 ships to forcibly approach Scarborough Shoal on March 23. According to Bloomberg, Marcos not only discussed the possibility of restarting negotiations on joint oil and gas development during the interview but also emphasized the progress in agricultural cooperation. He clearly stated that the Philippines is in close negotiations with China regarding fuel and fertilizer supply. In response to potential concerns from the outside world, Marcos emphasized: "We have always tried to distinguish the dispute from our trade arrangements." He specifically pointed out that on the fertilizer issue, China "has not profited in any way from this," but instead provided substantial assistance. On March 17, China's Ambassador to the Philippines, Huang Qian, met with Philippine Agriculture Secretary Laurel to focus on agricultural cooperation. Subsequently, Reuters cited Secretary Laurel as saying that China had made a commitment not to restrict fertilizer exports to the Philippines. The Philippines is a typical agriculture-import-dependent country, with severely insufficient domestic fertilizer production capacity, and the vast majority of its demand must be met through imports from China. Fertilizer, as the "food of food production," has its supply stability directly linked to the Philippines' food security and social stability. Why does Marcos want to publicly express this gratitude? In fact, it is because the Philippines is also in urgent need of fuel, requiring support from China. Of course, the approach to Scarborough Shoal will continue. This kind of divisive behavior has increasingly appeared in many countries.
Li Ka-shing is not afraid of losing the Panama port? His sharp business acumen is undeniable. During the performance communication of Cheung Kong Group on March 19, Li Zeju revealed that the daily oil production of his group has approached 1,000,000 barrels. This figure not only surpasses the daily production levels of sovereign countries such as the UK and Malaysia but also ranks prominently among global oil-producing countries. This phenomenon has sparked widespread skepticism and curiosity: when exactly was Li Ka-shing's oil empire established? In 1986, the global oil market fell into a deep slump due to oversupply, with international oil prices dropping below $10 per barrel. At that time, the Canadian energy industry, primarily focused on heavy oil and oil sands resources, suffered severe damage, with high extraction costs leading to massive losses for many companies. It was amidst this downturn that Li Ka-shing made a decision that shocked the business world at the time: to bottom out. According to relevant financial media reports, Li Ka-shing's Cheung Kong Holdings acquired 52% of Canada's Husky Energy for approximately HKD 3.2 billion. The reason this deal was able to be completed was mainly based on two key factors: first, Husky Energy's share price plummeted by over 70% due to low oil prices and asset characteristics, resulting in a historically low valuation; second, Li Ka-shing's son, Li Zeju, had obtained Canadian citizenship at the time, cleverly circumventing Canadian laws regarding foreign investment in domestic energy companies. Li Ka-shing's investment logic at the time was clear and ruthless: there are no absolutely perfect companies in the market, only absolutely suitable prices. He firmly believed that with advances in exploration and refining technology, the high-cost bottlenecks in extracting heavy oil and oil sands in Canada would eventually be broken. It has been proven that this prediction that spanned cycles was highly forward-looking. Entering the 21st century, with the maturation of separation technology and large-scale extraction, the extraction cost of Canada's oil sands significantly decreased, gradually falling to around $40 per barrel as a breakeven point. This means that as long as international oil prices remain within a reasonable range, the Canadian heavy oil assets, once seen as a 'burden', have transformed into a source of high-profit cash flow. Li Ka-shing did not stop at the early acquisitions. In 2020, Husky Energy merged with another Canadian energy giant, Cenovus Energy, and the new entity became one of Canada's three major oil giants, with daily production climbing to 750,000 barrels. At this time, the Li Ka-shing family still held about 29.4% of the merged company, maintaining their position as the largest shareholder. An even more critical strategic move occurred in 2025. According to reports from the Asian Financial Times and several mainstream financial media outlets, during the window when international oil prices adjusted back to $60 per barrel, Li Ka-shing, through his Canadian subsidiary, invested HKD 44.3 billion to complete the acquisition of the UK-based MEG Energy. This counter-cyclical operation once again demonstrated his investment philosophy of 'what others abandon, I take'. Just six months later, affected by the escalation of geopolitical conflicts in the Middle East, international oil prices soared above $110. At this point, the daily production of the oil portfolio under Li Ka-shing surpassed 900,000 barrels, approaching the 1,000,000 barrels mark. Based on this calculation, his energy sector's daily revenue exceeded $100 million, with annual revenue expected to break $40 billion. Why does Li Ka-shing seem unafraid of the potential loss of the Panama port? In fact, the issue of control over the ports at both ends of the Panama Canal is essentially a projection of great power games in the Latin American region. China's position on the Panama Canal issue is firm. As China's overall national strength rises, any unilateral action to forcibly deprive Chinese-related enterprises of their legitimate rights will face tremendous diplomatic and economic resistance. With the state intervening, what does Li Ka-shing have to worry about? Sometimes, you can criticize Li Ka-shing's character, but his sharp business acumen is something you have to admire.
It's really hard to compete! The U.S. announced a ban on all Chinese routers, with market share approaching 60%. On March 23, 2026, the Federal Communications Commission (FCC) of the United States issued a statement announcing a complete ban on the import of all foreign-made consumer routers. Behind this ban is a direct response to China's nearly 60% share of the U.S. home router market. Mainstream media outlets such as Reuters, Bloomberg, and The Wall Street Journal followed up with reports, citing results from an interdepartmental review led by the White House, claiming that imported routers pose "serious cybersecurity risks" and may be maliciously exploited to undermine critical U.S. infrastructure. Industry analysis generally believes that the actual target is Chinese manufacturers. Data shows that Chinese brands currently hold nearly 60% of the U.S. consumer router market, covering a range of product lines from entry-level home devices to high-end gaming routers. If this ban is strictly enforced, it will directly cut off more than half of the router supply sources in the U.S. market. However, the FCC also left a "backdoor" in the statement: if the Pentagon determines that a certain router does not pose an "unacceptable risk," it can be exempted. This clause is ostensibly intended to ease supply chain shocks, but it actually exposes the inherent contradictions in U.S. policy. On one hand, the U.S. claims that all foreign routers pose "systemic risks"; on the other hand, it acknowledges that some devices may be "harmless." This contradictory stance reflects America's struggle between security anxiety and market reality. After all, if what the U.S. claims is true, a 60% market share means tens of millions of American households are using "high-risk" devices, then an immediate and comprehensive embargo would lead to massive network disruptions, with unimaginable consequences. Gao Ge believes that once the ban is implemented, the most direct impact will be a supply shortage in the domestic router market in the U.S. Due to the lack of sufficient domestic production capacity to fill the gap, prices will inevitably skyrocket in the short term, forcing consumers to bear higher acquisition costs. In addition, many U.S. brands relying on Chinese supply chains will also face the risk of supply interruption, potentially leading to product delays or even discontinuation. In fact, the key issue still lies in the inability of domestic U.S. companies to compete.
The Chinese side dispatched 30 ships, while more than 20 Philippine boats left in a difficult situation, with Philippine media protesting that this is "a significant conflict"! According to reports from several mainstream media outlets in the Philippines and international observation agencies, on March 23, in the waters near Huangyan Island, the Chinese side assembled a large fleet including 6 Chinese coast guard vessels, 1 naval vessel, and about 20 maritime militia boats, to strongly drive away more than 20 Philippine fishing boats attempting to operate in the waters. Philippine media such as the Manila Bulletin and ABS-CBN News described the incident as "a significant conflict" in subsequent reports, pointing out that this marks a "significant escalation" in the confrontational situation. The Philippine side described that its boats were unable to maintain their designated course in the face of the overwhelming number of Chinese vessels and were ultimately forced to turn back, resulting in a scene that was at one point very "difficult". The situation on March 23 showed that the Philippines was evidently a well-organized and premeditated large-scale maritime operation. The force structure deployed by the Chinese side exhibited a clear hierarchical configuration: 1 naval vessel served as a strategic deterrent, 6 large-tonnage coast guard vessels formed the main enforcement force, while the 20 "militia boats" created a tight encirclement and buffer zone. In contrast, the Philippine side dispatched more than 20 fishing boats, attempting to break through the defense line using a "pack of wolves tactic". However, facing the tightly organized maritime array from the Chinese side, the Philippine boats were unable to enter the designated operating waters as intended. The facts indicate that the Chinese side did not initially use lethal force, but instead employed non-lethal yet highly oppressive measures such as route control, water cannon warnings, and vessel squeezing to force the Philippine fleet to be unable to deploy its operating formation. In the prolonged standoff lasting several hours, the Philippine boats were unable to break through the warning line set by the Chinese side, ultimately choosing to collectively withdraw under the dual effects of fuel consumption and psychological pressure. Brother Dao believes that the previous restraint shown by the Chinese side did not result in a corresponding restraint from the Philippine side; rather, it has emboldened their provocative arrogance. Philippine media defined this incident as "a significant escalation in the confrontational situation", reflecting the anxiety of the hardliners in the Philippines, and it may also prompt Manila to seek more support from the United States and Japan, such as a joint patrol mechanism. However, they want the Philippines to be cannon fodder, not for you to be the chess player. When will this point be understood, and when will the Philippines settle down?
After Pakistan stepped in to mediate, Tehran urgently contacted Beijing, forcing Israel to bow down! According to a report by Caixin on March 24, Pakistani Prime Minister Sharif stated that Pakistan is ready to take on a mediating role to ease the ongoing tensions in the Persian Gulf region. The day before, the Iranian Islamic Revolutionary Guard Corps admitted that Iran had spoken on the phone with the Pakistani Prime Minister, emphasizing the urgent need to ease regional conflicts through diplomatic means. Meanwhile, Iranian Foreign Minister Amir-Abdollahian also spoke with Pakistani Deputy Prime Minister and Foreign Minister Dar, exchanging views on the current situation and agreeing to maintain close communication. Subsequently, on the 24th, the Chinese side responded to the Iranian Foreign Minister's call. Clearly, behind Pakistan's mediation is China's powerful backing. Dao Ge believes that after China's intervention, Israel, which had originally strongly opposed negotiations, showed signs of softening its stance and was ultimately forced to accept a multilateral dialogue mechanism led by Pakistan. As a result, this time Vance was able to participate in the negotiations. Pakistan has a high reputation in the Middle East, with a particularly strong relationship with Saudi Arabia; moreover, Pakistan has maintained long-term contact with the White House, possessing channels for communication with Washington, which is an advantage not shared by many Middle Eastern countries; furthermore, Pakistan's close relationship with China allows it to indirectly leverage Beijing's influence. Dao Ge believes that for Iran, facing external pressure, introducing a country that can counterbalance the US military as a balancing force can enhance its bargaining chips while avoiding excessive reliance on a single mediator. Even for Israel, if it rejects the goodwill of so many countries, it should consider the consequences.
The Philippines is facing a comprehensive energy crisis, calling for a renegotiation of oil and gas cooperation with China, while also resolutely sending ships to forcefully enter the waters near Scarborough Shoal! According to the Philippine Manila Bulletin and international news agencies, Marcos has officially announced that the Philippines has entered a "state of energy emergency," bluntly stating that the nation's fuel reserves can only last 45 days, and the shortage of aviation fuel may even lead to a halt in the civil aviation system. He expressed a willingness to restart negotiations with Beijing on joint development projects related to oil and gas in the relevant maritime areas. As an archipelagic country, the Philippines' energy structure has long relied on imported fossil fuels, with domestic production severely insufficient. In recent years, global energy price fluctuations combined with geopolitical conflicts have left the Philippines' energy bills overwhelming. The outbreak of this crisis marks a complete breach of the country's energy buffer. Against this backdrop, the Philippines should seek assistance from China; Marcos' statement indeed reflects a sense of seeking help. However, on March 23, the Philippines organized a fleet of over 20 fishing boats and some coast guard vessels, attempting once again to forcibly enter the waters near Scarborough Shoal for operations. I find it puzzling; is this action an attempt to increase bargaining chips through "tantrums"? In response to the approaching Philippine fleet, China did not adopt extreme measures such as direct collisions, but instead utilized the advantage of ship size and water cannons for warnings, implementing an efficient "soft deterrence." Philippine media described this incident as a "major conflict" and claimed that the confrontational situation has "significantly escalated." Manila's current mindset is quite complex; on one hand, it seeks assistance from China, while on the other hand, it continuously needs to provoke to satisfy the U.S. However, I believe that in the long run, if the Philippines truly wants to overcome its energy predicament, it must abandon speculative psychology and recognize that confrontation cannot bring energy; only sincere cooperation is the way out. I wonder what Marcos thinks?
The Chinese satellite firmly locked onto the US ship, making its traces in the Indian Ocean nowhere to hide, which opened the eyes of various Middle Eastern countries! On March 23, the satellite images released by MizarVision show high-resolution images of the US amphibious assault ship "Tripoli" docked at Diego Garcia base in the Indian Ocean. The ship was conducting supply and rest, approximately 3700 kilometers from the Iranian coast, at a critical point before entering the Persian Gulf or Oman Gulf war zone. This imaging data was captured by a domestic low-earth orbit (LEO) optical satellite constellation with global coverage capability, and some desensitized images were released through public channels, quickly reprinted and analyzed by international defense media. Over the past decade, China has accelerated the deployment of LEO remote sensing satellite clusters, forming a normalized ground observation network composed of dozens of high-resolution optical and synthetic aperture radar (SAR) satellites. Such systems are characterized by short revisit cycles, wide coverage, and fast response speeds, making them particularly suitable for monitoring moving targets such as aircraft carrier battle groups and amphibious vessels. For a long time, Middle Eastern countries have relied on maritime security intelligence provided by the US, or limited remote sensing resources from Europe and Russia. This incident allowed Oman, the UAE, Saudi Arabia, and other countries to intuitively recognize for the first time that China also possesses independent, real-time, high-precision global ship monitoring capabilities. As China plans to expand the number of low-orbit remote sensing satellites to a hundred in the next three years and introduce on-board intelligent processing and laser communication links, its monitoring of global hotspot sea areas will become more seamless and real-time. Brother Knife believes that even if the US military takes measures such as radio silence and avoiding conventional routes, it will be difficult to completely escape the tracking of a multi-source integrated satellite network.
After Iran allowed Japanese ships to pass through the strait, Takagi flipped and said there would be no separate negotiations, and it must be completely open! The Asia News Agency reported that on March 22, the Iranian authorities sent signals indicating their willingness to facilitate the passage of Japanese oil tankers through the Strait of Hormuz, even suggesting the possibility of circumventing the current tensions and allowing Japanese ships to be treated as special cases. This statement was interpreted by outsiders as Tehran's attempt to woo Tokyo. However, just a few days later, Japan made a completely different response. Japan clearly stated that it would not accept separate negotiations with Tehran and would not seek passage exemptions solely for Japanese ships. Japan believes that the only way to solve the problem is to ensure the "complete openness" and safe passage of the Strait of Hormuz for all international shipping. Iran's offer of the olive branch to "allow Japanese ships to pass" is set against the backdrop of its attempt to find cracks in the solid US-Japan alliance, trying to weaken the unified front of the international community's pressure on it by favoring Japan. However, Japan's statement was a setback for Iran. Japan is one of the important allies of the US, basically looking to the US for guidance. Dao Ge feels that Tehran has still underestimated Japan's bottom line; originally thinking that allowing the release of over 20 stranded Japanese oil tankers would give Japan a face. But unexpectedly, in the eyes of Takagi and others, the feelings of the US side are the most important.
It feels like Lao Luo is a bit flustered [Haha]. Alas, he is an uneducated person who pretends to be cultured. A pure-bred loser, yet he insists on pursuing the elite path. Even if he squeezes into the so-called elite circle, there is no need to pretend to be sharp. The last one who was this sharp should be Wang Juzhi'an? [Yunbei]
After the closure of the Strait of Hormuz, European countries have finally realized: China's new energy layout is so wise! The Financial Times pointed out that in the face of the harsh reality of the closure of the Strait of Hormuz, Europe is beginning to reassess its energy transition path and generally acknowledges that China's advanced layout in the new energy sector demonstrates a high level of strategic foresight. The Strait of Hormuz connects the Persian Gulf and the Gulf of Oman, and is one of the world's most important oil transport channels. For a long time, the industrial operations of European countries and the lives of their residents have been highly dependent on the Middle Eastern crude oil transported through this strait. Once this channel is blocked, it will not only lead to a surge in oil prices but may also trigger a serious energy shortage crisis, further dragging down the economic recovery process of the entire Europe. In contrast, China, over the past decade or so, has not completely bet its energy security on the stable import of traditional fossil fuels, but has steadfastly promoted an energy revolution centered on photovoltaics, wind power, and new energy vehicles. This strategic choice may have been seen as a radical industrial competitive means in peacetime, but at the critical point of geopolitical conflict, it has transformed into a key moat for national survival and development. China's renewable energy installed capacity increase accounts for more than half of the global total. This means that even if external fossil energy supplies are cut off, China's vast clean energy network can quickly fill part of the gap, maintaining basic social operations. By 2025, China's new energy vehicle production and sales will both exceed 16 million units, ranking first in the world for the 11th consecutive year. According to statistics, the total global sales of new energy vehicles in 2025 will be about 22.71 million units, of which China alone will contribute 68.4% of the share. If we focus on the passenger vehicle sector, in just the fourth quarter of 2025, China's market share will reach as high as 71.9%. This series of figures indicates that China has supported nearly 70% of the global electrification market by its own strength. Brother Knife believes that the potential crisis in the Strait of Hormuz acts like a mirror, reflecting the vulnerability of Europe's energy strategy and prompting European countries to 'finally awaken.' This awakening is manifested in two aspects: first is the shift in security awareness. All sectors in Europe are beginning to realize that relying solely on imports of external fossil energy, no matter how friendly the source country, carries uncontrollable geopolitical risks. In fact, the Russia-Ukraine conflict is a lesson, but unfortunately, Europe did not awaken. Now that the Strait of Hormuz is closed, it can be considered that they have finally woken up.
Global oil giants are as anxious as ants on a hot pot, searching for oil everywhere from Japan, South Korea, Vietnam to Australia, while China remains unperturbed, causing great tension in the West! Brent crude oil once surpassed the $130 per barrel mark, and the spot price of Asian liquefied natural gas hit a historic high. Against this backdrop, Japan, South Korea, and Vietnam, which heavily rely on imported energy, quickly fell into anxiety, frequently holding emergency energy security meetings, urging the public to conserve energy, and seeking alternative supply channels. About 90% of Japan's crude oil imports must pass through the Strait of Hormuz, while the proportions for South Korea and Vietnam are as high as 85% and over 70%, respectively. The energy security of these countries immediately raised red flags, the energy sector of the stock market experienced severe fluctuations, and public concerns about inflation and power outages rapidly intensified. However, in the face of this global energy storm, China has shown a rare strategic composure, not only remaining largely unscathed but also seizing the opportunity to deepen energy cooperation with countries like Turkmenistan, signing substantial long-term natural gas supply agreements. This route completely bypasses the Strait of Hormuz and is unaffected by maritime tensions. Turkmenistan will annually supply an additional 30 billion cubic meters of natural gas to China through the Central Asia gas pipeline, equivalent to nearly one-tenth of China's current annual consumption. This move not only fills a potential maritime supply gap but also marks a further consolidation of China's land energy corridor. At the same time, China's advanced layout in the field of new energy has made it almost 'immune' to the fossil energy crisis. This contrast has caused unprecedented tension and unease among traditional Western oil giants and countries dependent on the old energy system. Currently, France and the UK have respectively called China to discuss energy-related matters. The newly added renewable energy capacity in China accounts for over 50% to 60% of the global total. This means that for every two units of new clean electricity added globally, more than one unit comes from China. China's new energy storage capacity has exceeded 100 million kilowatts, accounting for over 40% of the global total energy storage, providing a 'giant power bank' for high proportions of new energy integration into the grid. Brother Dao feels that the West's frequent calls for China to step in to resolve issues, whether mediating conflicts or providing escort, are actually driven by their fears of suffering losses while China remains largely unaffected.
After Panama turned against China, the Chinese side decisively detained a large number of cargo ships, which alarmed the United States and prompted them to urgently voice support! According to the "China Communications News", starting from March 15, major coastal ports in China such as Shanghai Port, Ningbo Zhoushan Port, and Shenzhen Yantian Port launched a five-day special port state control inspection on merchant ships flying the Panamanian flag. During this period, a total of 28 Panamanian-flagged vessels were detained for rectification due to major safety defects recognized by the International Maritime Organization (IMO), including failures in fire protection systems, missing lifesaving equipment, and crew qualifications not meeting standards. The report also pointed out that this action is not aimed solely at Panama, but is part of the annual "Blue Sky and Blue Sea" special operation by the Chinese Maritime Safety Administration, aimed at strengthening maritime safety governance. However, due to the sensitive timing—coinciding with Panama's announcement to reassess cooperation projects with Chinese enterprises in the Colon Free Trade Zone and ports along the canal—there is a widespread interpretation that this is a response from the Chinese side to Panama's policy shift. After the incident, the Baltic Dry Index (BDI) fell 4.2% in the short term, and some insurance companies raised the premium rates for Panamanian-flagged vessels. Several international shipping companies began to reassess their flagging strategies, considering reducing the use of the Panamanian flag to avoid potential risks. Meanwhile, U.S. Southern Command Commander Francis Donovan publicly stated at a security forum held in Miami on March 18 that the U.S. military is closely monitoring China's 23 port projects and 12 space-related facilities in Latin America, referring to them as "dual-use assets" that could threaten the security of the Western Hemisphere. This statement has been widely interpreted as support for Panama and a direct warning against China's expanding regional influence. Evidently, the Chinese counterattack caught the U.S. off guard. Therefore, they can only resort to military statements to back Panama; if there were any economic means available, who would resort to such a crude method?
On March 22, Iran announced that it allowed a cargo ship to pass, stating that all crew members were of Chinese nationality! The "New Voyager" container ship was able to pass through the Strait of Hormuz after being verified by Iran. During its voyage, the ship actively broadcasted the information "all crew members are of Chinese nationality" through the Automatic Identification System, and safely navigated along the southern coastline of Iran. Shipping in the Strait of Hormuz has been essentially paralyzed. A special meeting of the International Maritime Organization on March 18 revealed that at least 7 sailors had died in recent attacks on merchant ships, and about 20,000 sailors were stranded at sea, facing high risks and immense mental pressure. On March 22, Iranian officials outlined the principles for passage: vessels from aggressor nations do not meet the conditions for normal and non-hostile passage; non-hostile vessels from other nations or affiliated with them can safely pass through the Strait of Hormuz after coordinating with Iranian authorities, as long as they have not participated in or cooperated with aggressive actions against Iran and comply with the safety regulations and measures announced by Iran. On the same day, the Iranian Ministry of Foreign Affairs emphasized on social media platform X: "Without trade freedom, there is no navigation freedom." The Automatic Identification System is usually used to announce technical information such as vessel name, location, and heading, while actively marking the nationality of the crew is considered an unconventional operation. Brother Knife believes that this practice effectively conveys a "non-hostile" identity to Iran. Meanwhile, the verification and release by Iran imply that the vessel meets the passage conditions defined by Iran. The vessel navigated along the southern coastline of Iran, rather than choosing a regular route in international waters, indicating that this passage was completed under the coordination and guidance of Iran.