China is said to ban fuel exports for gasoline, diesel and aviation fuel with immediate effects
China's immediate ban on fuel exports for gasoline, diesel, and aviation fuel could tighten global supply, especially in Asia where demand is strong.
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Iran says it gives permission for Indian oil tankers to pass through the Strait of Hormuz
China is said to ban fuel exports for gasoline, diesel and aviation fuel with immediate effects
Japanese PM Takaichi says won't rule out using FY25 reserve funds for fuel and the existing fund has JPY 280bln remaining, adds no additional budget for fuel subsidies now and will use existing fund for fuel price measures
Qatar residents reportedly receive mobile alert for missile threat
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This move may lead to higher prices across these fuels, potentially impacting inflation and affecting sectors reliant on energy inputs. Traders should monitor related commodities and currencies as this development unfolds.
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