With Iran and the Strait of Hormuz still in flux, China’s bet on renewable energy is paying off
Financial markets got quite excited after Iranian Foreign Minister Abbas Araghchi tweeted at 8:45am New York time on Friday (10:45pm Friday AEST) that the Strait of Hormuz was “completely open”, followed by a series of jubilant posts by US President Donald Trump and a triumphant, if bellicose, speech. Oil futures fell 10 per cent and…