NEW DELHI: Australia’s vulnerability to liquid fuel shortages and price spikes has intensified after reports that China has asked its oil refiners to halt fuel exports, raising concerns over aviation fuel supplies and potential disruptions to flight operations, according to a new report.
The Conversation said in its report that development comes amid continuing uncertainty over the Iran conflict and its impact on global oil supplies.
The Australian Financial Review reported that China had notified refiners to stop fuel exports, casting doubt over at least two cargo shipments bound for Australia, it said.
At the same time, two transport ships were reportedly blown up in the Strait of Hormuz, increasing the likelihood that vessels may avoid the passage while the conflict continues.