China emissions fall 1% amid Iran war as oil demand drops, EVs rise

China's CO2 emissions fell 1% following the US-Israeli war on Iran, driven by reduced oil consumption and increased EV and public transport use. Analysts suggest oil demand may not fully recover even if crude prices fall, signaling a potential structural shift. The Strait of Hormuz crisis highlights clean energy's role in cushioning price shocks for the world's largest oil importer.