The United States and Isreal launched a major attack on the Islamic Republic of Iran on the 26th of February, 2026.

Major changes have happened to the world market. Oil price increases to $117 per barrel .and dropped to $83 per barrell and increased to $91.30 as at the time of writing this content. Countries have made millions from the war because of the sharp increase in the price of oil. While.the fluctuating price has done a lot on the oil exporting countries, and it has done a lot of damage too. As citizens bear the brunt, as a result of local increase in cost of gas price.

President Donald Trump has urged the organisation of Petroleum Exporting Countries, OPEC. to drop the sharp increase in the cost of processing, as it affects the cost of living. However, countries like Saudi Arabia, which owned the largest 6 companies in the world, have silently. Ammase wealth in the ongoing war, as stock price skyrocketed in the ongoing 12 day war. The United States is the largest exporter of oil, and the largest consumer of oil is China.

According to data compiled by Chinese media, it is the largest petroleum importer and the second-largest consumer. At present, apart from its own production of over 200 million tonnes of domestic goods, it also needs to import over 500 million tonnes of crude oil a year to meet demand.

This is because Central China is the largest market in the world. In 12 days, Iran has supplied 11 million per barrel to China. However, this is not enough to meet China daily needs.

Ac ording to CNBC, China consumes approximately 15 to 16 million barrels of oil per day. With 1 barrel equal to 159 litres, this equates to roughly 2.39 billion to 2.54 billion litres per day. As the world’s largest crude oil importer, China’s consumption represents about 15.96% of the global total

According to China Global, Aramco 2222.SE will ship at least 58 million barrels to China in March, or about 1.87 million barrels per day (bpd), a tally of allocations to Chinese refiners from trade sources showed. That’s the expectation before the war. However, new development might arise because of the war

The allocation volume marks a jump from the previous two months, when it stayed under 50 million barrels, and is the highest since October 2022, Reuters records show.

As the war escalates to the Middle East, Iran exported 11 million barrels of crude oil to China since the war started at a rate of 90 dollars per barrel. That means Iran has made 990,000,000 dollars for an average price of 90 dollars per barrel in the last 12 days.

However, according to data available to this writer, copied from Aramaco. SAUDI Arabia exports 10.47 million barrels of oil per day to China. The kingdom in a deal signed with China had made a remarkable growth on tbe export, which has surpassed, Iranian own amd the United States

The United states, on the other hand, have their hands full with the ongoing war, as no credible data is available to reference as mines laid by Iranian forces blew tbe oil tanker at the straits of Hormuz .

Saudi owned Aramco, on the other hand, has laid an alternative pipeline for supply of oil to its customers, bypassing the strait of Hormuz. The Kingdom is not spending any money on the war. However, they have spent money on defending Iranian missiles, launching on the facility

The kingdom makes an average of 900 million dollars per day. Exporting oil to China. The central plain China might be their largest market kigbdom. As the kingd9m has made 10.8billion dolllrasin tbe last 12 days for exporting oil to China. However, the US spent 9.3billlion dollars on the war in tbe first half of 12 days 8