The Oil Panic Ended in Shandong, Not Hormuz
China bought time from its own tanks all spring. By August the buffer forced it back to the market.
Continuity is the quietest form of power. These chapters read the architecture that outlasts events: institutional lock-in and systemic inertia, energy dependency and the Strait of Hormuz, escalation that builds its own momentum, and the strategic constraints no single actor can reverse.