AXIOS (Amy Harder) - China stockpiled huge amounts of oil before Iran war
Data: U.S. Energy Information Administration ; Chart: Amy Harder/Axios China has stashed away far more oil than any other country, according to U.S. government data released this week. Why it matters: The stockpile, which surged last year, is emerging as a strategic advantage as the world faces an oil shock with the Strait of Hormuz largely shut. The big picture: China is a huge winner in the Iran war due in large part to its positioning on energy, including its oil stockpile. - It also owns over 70% of global solar, wind, battery and electric vehicle supply chains. - Those are all seeing a boost as import-dependent countries turn from oil and natural gas to renewables. Between the lines: "The war was the stress test that Beijing's…