Chinese President Xi calls for new energy system as war on Iran rocks global economy and says China needs to accelerate planning and construction of a new energy system to ensure the country’s energy security

Xi's call for a new energy system amid geopolitical tensions signals a push for energy independence in China, potentially impacting global commodities as the country seeks to mitigate risks from the Iran conflict. This strategic pivot could lead to increased demand for alternative energy resources and influence market stability, particularly in oil prices and related assets.