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China Orders Major Refiners to Halt Diesel and Gasoline Exports Amid Gulf Tensions

China has ordered major refiners to suspend overseas shipments of diesel and gasoline this week, Bloomberg reports. Officials from the National Development and Reform Commission held meetings with refinery executives as tensions in the Persian Gulf threaten crude arrivals from key producing regions. Refiners were directed to stop signing new export contracts immediately, with some existing cargoes subject to renegotiation or cancellation under the directive.
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