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US Boosts Oil Exports After Iran Blockade; China Doubles Solar shipments

4/27/2026

36 7 Full Breakdown

Summary

Story summary

U.S. lifted exports to 5.2 million barrels after Iran blocked 10 million barrels through the Strait of Hormuz.
China controls about 80% of the global photovoltaic supply chain and over 95% of silicon-wafer production.
IEA and McKinsey say 60-70% of all electric cars worldwide are built in China.
China’s solar-technology exports doubled to 68 GW in the first month of the Iran crisis, while 60% of its energy demand still comes from coal.

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Story summary

U.S. lifted exports to 5.2 million barrels after Iran blocked 10 million barrels through the Strait of Hormuz.
China controls about 80% of the global photovoltaic supply chain and over 95% of silicon-wafer production.
IEA and McKinsey say 60-70% of all electric cars worldwide are built in China.
China’s solar-technology exports doubled to 68 GW in the first month of the Iran crisis, while 60% of its energy demand still comes from coal.