Beijing is reversing curbs on refined fuel exports after halting shipments during U.S.-Iran conflict escalation. China's state refiners are applying for permits to resume fuel exports in May, suggesting comfortable domestic inventory levels despite broader Asian fuel shortages caused by disrupted Gulf energy flows through the Hormuz chokepoint.
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View all signals →Iran Conflict Could Help Revive Moribund Trans-Caspian Gas Pipeline Executive Summary: The Iran conflict has made completing the moribund Trans-Caspian Gas Pipeline (TCP) increasingly attractive. The U.S.–Israeli “Operation Epic Fury” attack against Iran, launched on February 28, upended Persian Gulf hydrocarbon energy exports, severely disrupting global trade. The first airstrikes killed Iranian Supreme Leader Ali Khamenei and several senior government and military figures.