Putin leaves China withoutleaves China without pipeline deal after Hormuz tensions
Russian President Vladimir Putin left China without a deal on the long-delayed Power of Siberia 2 gas pipeline, even as recent tensions around the Strait of Hormuz highlighted the strategic value of overland energy routes.
The talks matter because they show how Moscow and Beijing are still bargaining over pricing, demand risk, and leverage in a changing energy market.
Beijing’s view
Chinese policymakers appear to be treating the pipeline as a long-term strategic choice rather than a quick fix for supply. They want stronger bargaining power on price and terms, especially as gas demand forecasts and the energy transition remain uncertain.
Moscow’s view
For Russia, the pipeline is a major route to deepen energy ties with China while reducing dependence on European markets. A deal would also help show that Russia still has large buyers willing to back its export plans.
- The Strait of Hormuz is only about 33 kilometers wide at its narrowest point.
- Mongolia sits between Russia and China, making it a key transit country for the proposed route.
- Russia’s gas export map changed sharply after Europe cut back purchases following the Ukraine war.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
