[lmm]

Sure. But the US has substantial domestic production. So China (and everyone else who has to import the majority of their oil) gets hurt more.

[cbsmith]

Short term, you might be right.

However... higher oil prices also increase energy prices across the board, and China's energy sector is dominant in renewables. I think they're more than happy to have the competing energy sources become even more expensive.

[appointment]

The US oil companies will export their oil to China (or Japan, South Korea and other major oil importers, in lieu of oil bought by China.)

[lmm]

At a minimum that will reduce the trade deficit.

[cbsmith]

Maybe? I wouldn't count on it. The US may be a net petro exporter, but it's about 1% of GDP. The other 99% are not going to do well with inflated energy prices. So exports might net go down.

[mememememememo]

How to win friends and influence people.

[cbsmith]

...and of course the US has a lot of other industries that are hurt by this: https://www.npr.org/2026/03/26/g-s1-115240/iran-war-strait-h...