Basically, I think that's how I'm reading it too. Trying to disrupt China's oil imports almost certainly appears to be part of the plan, but naturally it only forces both China and Russia to cooperate more creating a nightmare scenario for the US. And of course, the countries that get hurt the most are US vassals in Europe, Japan, and occupied Korea. All of them were hugely dependent on oil and LNG shipments going through the Strait of Hormuz, which are now cut off. China will be fine, US aligned countries, not so much.