Middle East war, March 25 -- Ever since the US and Israel launched a war against Iran in late February, many analysts have suggested how the conflict could benefit Russia. With the Strait of Hormuz shut and global energy markets in disarray, countries may increasingly rely on Russia to meet their energy needs, importing its crude oil to bypass the sanctions imposed on it. Now, another country appears to be benefiting from the war as well.

According to a CNN report, the worst oil crisis in history could benefit Beijing's electric vehicle (EV) makers. The three-week-long war has disrupted the fossil fuel supplies from the Middle East, prompting crude oil prices to jump higher to $119 a barrel last week.

The report suggests that the crisis...