China Halts Diesel, Gasoline Exports As Paralyzed Hormuz Risks Energy Shock

China Halts Diesel, Gasoline Exports As Paralyzed Hormuz Risks Energy Shock Less than one week into Operation Epic Fury, Beijing has ordered its top refiners to halt gasoline and diesel exports as the Strait of Hormuz remained paralyzed on Thursday morning. The move exposes how China is one of the biggest losers in a prolonged Hormuz shutdown, with Beijing appearing to brace for an oil shock. Beijing is scrambling after panicking at the start of the week and calling for an imme...

By Tyler Durden