Russia, China compete with US for Arctic Circle dominion that could shape international trade for decades
Fox News
Whoever can lay claim to the Arctic Circle will be able to exercise major economic advantages in trade and shipping along with potential energy boons.
Peter Aitken is a Fox News Digital reporter with a focus on national and global news.
"So, first, there's an absolute military context to this," Montgomery said. "Probably a close second is the economic context where China is heavily dependent on oil and natural gas deliveries."
"I think they're very concerned about strategic chokepoints like the Straits of Malacca and very aware that the United States has a pretty good capability to sink large-scale amounts of enemy merchants," Montgomery continued. "So they're looking for a path more so than through North America … around Russia through the north is what's called the Northern Sea Route."