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China's Oil Imports Hit Lowest In 8 Years Amid Strait Of Hormuz Crisis Due To Iran-Israel Conflict
Posted
June 9, 2026
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June 9, 2026
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3:23Now PlayingChina's crude oil imports fell to their lowest level in nearly eight years in May, totaling 33 million tonnes, or about 7.8 million barrels per day. The decline was driven by weaker fuel demand, disruptions linked to the Iran conflict, reduced Iranian crude supplies, and greater reliance on strategic stockpiles rather than fresh imports.
Chinese refiners reportedly drew on existing reserves, cut processing rates, and faced falling gasoline and diesel demand as electric vehicle adoption continued to grow. Analysts expect imports to remain subdued, while fuel exports stay near multi-year lows.
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#china #oilimports #crudeoil #energymarkets #iranwar #straitofhormuz #chinaeconomy #oilprices #energysecurity #globaltrade #electricvehicles #fueldemand #worldnews #breakingnews #geopolitics
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