China Taps 1.4 Billion Barrel Oil Reserve, Halts Refined Fuel Exports Amid Iran War: Report

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

China Taps Oil Stockpile, Bans Fuel Exports Amid Iran War & Hormuz Disruption

A worker makes his way onto an operation space at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province. (File/AFP)

F

Firstpost•19-03-2026, 16:08

China Taps Oil Stockpile, Bans Fuel Exports Amid Iran War & Hormuz Disruption

•China considers drawing from its 1.4 billion barrel oil stockpile due to Strait of Hormuz disruptions caused by the Iran war.
•The world's largest crude importer could begin tapping commercial reserves within 4-6 weeks if the shipping choke point remains shut.
•Analysts suggest China might release up to 1 million barrels/day from commercial reserves to maintain refinery operations.
•Beijing has already restricted refined fuel exports, directing state-owned refiners to prioritize domestic supply.
•Despite measures, China cannot fully offset disruption from a prolonged Strait of Hormuz closure, impacting global supply chains.

Read Full Article on Firstpost in English

✦

More like this

✦

More like this

A cyclist waits to cross a road near a Sinopec gas station in Beijing, China. File/Reuters

PetroChina Freezes Gas Prices Amid West Asia Conflict, Shields Industries

China presses Iran to allow safe passage for oil, LNG ships through Strait of Hormuz. File/Reuters

China Pressures Iran for Safe Passage in Strait of Hormuz Amid Escalating Conflict

crude oil price

Crude Prices Soar: Record Oil Release Fails to Halt Surge Amid Hormuz Crisis

Beijing has been very quiet on the happenings in Venezuela and the Middle East, probably not knowing how to react (except through some verbal condemnation). Representational Image: Reuters

China's Military Limits Exposed: Unreliable Weapons, Deep Purges Rock PLA Amid Global Tensions

Zimbabwe halts exporting lithium — and China is happy about it. Representational image/Pixabay

Zimbabwe Halts Lithium Exports, China Benefits from Price Surge

China Warns Against 'Regime Change' Amid Iran Tensions, Urges Diplomacy

China Warns Against 'Regime Change' Amid Iran Tensions, Urges Diplomacy