The escalating conflict in the Middle East – which is sending oil prices soaring and disrupting shipping traffic along the Strait of Hormuz – should not pose an immediate threat to China’s crude supply, but will add urgency to the country’s energy security drive, analysts said. Since the United States and Israel launched strikes against Iran over the weekend, commercial traffic has largely come to a standstill along the Strait of Hormuz – a waterway linking the Persian Gulf with the Indian Ocean...