Russia, the UAE and Venezuela off the top of my head. Also, some of their does make its way to us and several other countries after being sent to a 3rd party and it being relabeled. Even if it were only China though, it would still cause a price increase as China would start buying oil from other sources.
Also, Oil from Saudi Arabia is shipped via the Persian Gulf as they don't have any major ports on the Red Sea.
Russia, the UAE and Venezuela off the top of my head. Also, some of their does make its way to us and several other countries after being sent to a 3rd party and it being relabeled. Even if it were only China though, it would still cause a price increase as China would start buying oil from other sources.
Also, Oil from Saudi Arabia is shipped via the Persian Gulf as they don't have any major ports on the Red Sea.