China Directs Refiners to Suspend Diesel and Petrol Exports Amid Middle East Conflict

China's government has directed major oil refiners to suspend exports of diesel and petrol amid ongoing conflict in the Middle East, which has disrupted crude supplies through the Strait of Hormuz. The National Development and Reform Commission urged companies to halt new export contracts and seek cancellation of existing shipments, while exempting jet fuel, bunker fuel in bonded storage, and supplies to Hong Kong and Macau. This move prioritizes domestic fuel demand and has influenced a rally in Indian refinery stocks.