Is the U.S. really stepping back from the Strait of Hormuz? America only imports about 0.4 million barrels per day through it. Now compare that to the real dependency: 🇨🇳 China — 5.4 mb/d 🇮🇳 India — 2.1 mb/d 🌏 Rest of Asia — 2.0 mb/d 🇰🇷 South Korea — 1.7 mb/d 🇯🇵 Japan — 1.6 mb/d 🇪🇺 Europe — 0.5 mb/d 🇺🇸 U.S. — 0.4 mb/d For decades, the U.S. has secured the world’s most important oil chokepoint. But the biggest stakeholder today is China — a country that’s continued buying discounted Iranian oil while pushing back on sanctions. That leaves Beijing with a massive 5.4 mb/d exposure. If the U.S. truly pulls back, the real question becomes: who steps in to protect the flow? Because the answer to that could define global geopolitics in 2026.