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China vows to ensure energy security following US military actions

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China on Tuesday (March 3) said it will take necessary measures to ensure its own energy security when asked about the potential impact of U.S. military actions in Venezuela and Iran on China's oil supply.

"Energy security attaches great importance to the world economy, and all parties should ensure stable and smooth energy supply," ministry spokesperson Mao Ning said during a regular press conference.

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“China firmly opposes the use of force to violate the sovereignty and security of other countries in international relations,” Mao added.

Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.

On a typical day, ships carrying crude oil equal to about one-fifth of global demand sail through the Strait of Hormuz along with tankers hauling diesel, gasoline and other fuels to major Asian markets including China and India. The waterway is also the conduit for about 20% of the world’s liquefied natural gas.

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