China Between Iran and Israel: Profit on Thin Ice

China's quiet strategy in the Israel-Iran conflict brings short-term gains - but the price is high. Oil, diplomacy and world power status are being shaken.

China is more of a spectator than an active participant in the Israel-Iran conflict. The conflict is weakening China's global ambitions while it is trying to expand its influence regionally. Trump's intervention in Iran is forcing Beijing to reassess key axioms of its strategy. Energy supply, diplomatic networks and geopolitical maneuvers are coming und…