INDIA GOVT OFFICIAL: 200,000 T LNG LOADED ON A VESSEL STRANDED IN STRAIT OF HORMUZ

China, the world’s largest crude importer, may tap commercial oil reserves as the Middle East war persists, FGE NexantECA said. Refineries, especially in southern China, could draw up to 1 million barrels per day over four–six weeks to limit run cuts or prevent shutdowns. Beijing holds an estimated 1.4 billion barrels of reserves, largely untouched strategic stocks. Analyst Antoine Halff noted recent crude stock dips may reflect normal short-term volatility rather than Gulf disruptions reaching China yet.

LEAVITT: REOPENING HORMUZ HELPS NATO COUNTRIES MORE THAN THE US