Zhanjiang Maritime Safety Administration posted on the China Maritime Safety Administration website that parts of the Beibu Gulf (Gulf of Tonkin) will be closed to navigation for live-fire exercises from 0000 on June 23 to 2400 on June 24; entry is prohibited.

China's SC crude oil main contract fell as much as 2.00% intraday, trading at 503.40 yuan/barrel.

Ship-tracking data show Qatar is recalling empty LNG carriers into waters near the eastern entrance to the Strait of Hormuz as it prepares to restore roughly one-fifth of global LNG supply. Three vessels linked to a Qatari state-owned shipping unit are in the Gulf of Oman approaching the Strait; five other Qatar-related ships are near eastern Omani waters and several more are en route. At least three other Qatar-related empty tankers transited the channel in the past week; Doha had previously avoided moving empty LNG carriers into the Persian Gulf on security grounds. Qatar loaded just over 300,000 tonnes of LNG in the week of June 19, the highest weekly volume since early March but only about one-fifth of levels before U.S. and Israeli strikes on Iran in late February.