Iran’s Islamic Revolutionary Guards Corps has said it would not allow any oil to leave the region if attacks from the US and Israel continue.
NEWS ANALYSIS

With Trump’s mixed messaging on Iran war end, calm in oil markets may be fleeting

More than three-fourths of the crude oil exports from the Middle East to China, Japan, South Korea and Taiwan pass through the Strait of Hormuz

Chinese refineries typically keep around 15 days worth of crude as a buffer.

China’s energy security push pays off as war roils Asia refiners

Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply

The precious metal has held above the US$5,000-an-ounce level, finding some support as a haven asset during a period of geopolitical and trade upheaval.

Gold rises after report of oil-stockpile release to ease shock

Higher borrowing costs are a headwind for precious metals, which do not pay interest

China has about 1.4 billion barrels of crude in strategic storage, according to estimates from Columbia University’s Center on Global Energy Policy.

Can tapping oil reserves tame the Iran war price shock?

China has in recent years built up what appears to be an even larger reserve capacity

The Canadian industry has a long-held desire to get more of their oil to markets outside the US.

Chinese oil buyers pay premium for Canadian crude amid Iran war

The war is likely to shift perceptions of Middle Eastern countries as stable sources of oil

Brent futures fell US$11.16, or 11 per cent, to settle at US$87.80 a barrel on Tuesday.

Oil dives, settles down 11% after Trump predicts Middle East de-escalation

Prices settled with more modest gains on Monday but retreated on Tuesday

With refineries and crackers under pressure, manufacturers are set to feel more strain in feedstock supply.

In charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates

The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term

Sembcorp announced in December that it will buy Alinta for A$6.5 billion in enterprise value from Chow Tai Fook Enterprises.

Sembcorp’s A$3 billion Alinta loan fuels Australia’s funding boom

The loan for Sembcorp’s Australian unit will be split between an acquisition tranche