If Asia’s biggest energy importers are already scrambling, the global fuel shock may only be getting started.
BREAKING: China has just told their largest oil refiners to SUSPEND exports of diesel and gasoline.
This is NOT good.
— Brian Krassenstein (@krassenstein) March 5, 2026
BREAKING: An oil tanker has been hit by a "large explosion" in the waters off of Kuwait, resulting in a large oil spill.
Oil prices are now nearing their highest levels since the war began.
— The Kobeissi Letter (@KobeissiLetter) March 5, 2026
🚨🇨🇳 Oil in China just hit $100 a barrel.
60 days ago it was $60. pic.twitter.com/hVs87Ma3Na
— Jackson Hinkle 🇺🇸 (@jacksonhinklle) March 5, 2026
— Tajomaru (@ibisredibis0) March 5, 2026
🚨🇺🇸🇮🇷 Trump faces a trap in the Strait of Hormuz.
Iran claims "complete control" over the waterway that carries 20% of the world's oil and gas.
Tanker traffic has plunged 90% since attacks began.
Trump wants to offer U.S. insurance and naval escorts for commercial ships.… https://t.co/wlVm2TifQf pic.twitter.com/1kOLMtt0C0
— Mario Nawfal (@MarioNawfal) March 5, 2026
JUST IN 🚨: Gasoline soars to highest price since May 2024 ⛽️📈 pic.twitter.com/jiTvsLQBxi
— Barchart (@Barchart) March 5, 2026
China Is Scrambling https://t.co/5RftPciZM5
— zerohedge (@zerohedge) March 5, 2026
First Japan. Then South Korea. Oil panic meetings begin as gasoline spikes and the Strait of Hormuz crisis starts hitting Asia.