🇨🇳

China

Asia-Pacific

Low Risk

🇨🇳

China

Low Risk

China imports 72% of oil. Strategic reserves being managed. Economy under pressure.

$1.18

Gasoline /L

+28.3% vs pre-war

90d

Reserves

13 weeks

+6.5%

Food Inflation

Risk: moderate

72%

Oil Imported

Hormuz: high

Fuel Prices

USD primary · CNY (¥) local

Prices shown per litre. Local currency conversion uses live exchange rates.Data as of Apr 14, 2026

Gasoline

$1.18/L

¥8.07/L

+28.3% vs pre-war

Diesel

$1.05/L

¥7.19/L

+34.6% vs pre-war

LPG / Autogas

$0.68/L

¥4.65/L

Kerosene / Jet A

$0.85/L

¥5.82/L

Pre-war baseline (Feb 2026): Gasoline $0.92/L · Diesel $0.78/L · Current prices are 28.3% above pre-war levels

3-Month Price History

Pre-war baseline

Iran war starts (Feb 2026)

CNY · live rates

Strategic Oil Reserves

90days

13 weeks

3.0 months

ADEQUATE

Source: IEA/EIA

0d30d60d90d180d365d

Energy Dependency Profile

Oil Import Dependency

72%

of total oil consumption

Hormuz Exposure

High

Strait of Hormuz risk

Food Import Dependency

of food supply imported

Fertilizer & Food Security

Fertilizer Cost Change

+45%

vs pre-war (Feb 2026)

Food Inflation (YoY)

+6.5%

year-on-year CPI food

Food Security Risk

Moderate

FAO / WFP assessment

News: China

Russia’s Lavrov visits China as US pressures Iran with Hormuz blockade

China and Russia have been vocal critics of the US-Israel war on Iran, an ally of both world powers.

Al Jazeera·4/14/2026

China Cuts Back on Oil and Gas Imports as Prices Surge

China’s natural gas imports dropped sharply in March amid the tanker traffic paralysis in the Middle East. Oil imports also fell on an annual basis, but were up in February. Natural gas imports were down by 11% last month, Bloomberg reported, citing official customs data. At 8.183 million tons, the

OilPrice.com·4/14/2026

China Has Turned To Central Asia To Mitigate Middle East Oil Supply Risk

The war in Iran has evolved into a global economic crisis, driving up energy prices and forcing major shifts in shipping and trade routes. Ongoing military strikes have caused significant disruptions at critical chokepoints like the Strait of Hormuz, forcing governments to urgently secure alternativ

OilPrice.com·4/13/2026

✈️

Flight Disruption Risk

Moderate

Jet fuel price change+38% vs pre-war

+90 Day Outlook

Moderate

Peak Season (Jul/Aug)

High

View full flight tracker →

Inbound Supply Ships

IntelligenceFull manifest →

●6 Crude Oil●3 LNG●1 LPG●1 Products●2 Fertilizer

COSCO ENERGY

Crude Oil · from Primorsk, Russia

ETA Tomorrow

330,000t DWT

SHANGHAI STAR

Crude Oil · from Kozmino, Russia

ETA 2d (16 Apr)

315,000t DWT

GUANGDONG TRADER

Diesel/Gasoline · from Singapore, Singapore

ETA 3d (17 Apr)

72,000t DWT

GUANGZHOU SPIRIT

Crude Oil · from Basra, Iraq

ETA 4d (18 Apr)

180,000t DWT

DALIAN ENERGY

Crude Oil · from Ras Tanura, Saudi Arabia

ETA 6d (20 Apr)

298,000t DWT

TIANJIN ENERGY

LNG · from Gladstone, Australia

ETA 6d (20 Apr)

95,000t DWT

CHINA LPG

LPG · from Jubail, Saudi Arabia

ETA 7d (21 Apr)

48,000t DWT

NINGBO CRUDE

Crude Oil · from Saldanha Bay, South Africa

ETA 8d (22 Apr)

310,000t DWT

AMMONIA STAR

Ammonia · from Jubail, Saudi Arabia

ETA 8d (22 Apr)

35,000t DWT

SHENZHEN LNG

LNG · from Sabine Pass, USA

ETA 10d (24 Apr)

88,000t DWT

TIANJIN CRUDE

Crude Oil · from Novorossiysk, Russia

ETA 11d (25 Apr)

115,000t DWT

BEIJING GAS

LNG · from Bontang, Indonesia

ETA 12d (26 Apr)

90,000t DWT

CHINA AGRI

Urea · from Yuzhne, Ukraine

ETA 14d (28 Apr)

45,000t DWT

13 vessels en route

Crisis Summary

Risk LevelLow Risk

Hormuz Exposurehigh

CurrencyCNY (¥)

RegionAsia-Pacific

Data SourcesIEA · EIA · FAO · WFP

Related: Asia-Pacific