China's state shippers deploy oil tankers outside Gulf, avoid chokepoints, sources say

Two Chinese shipping giants have stopped routing oil tankers through two Middle East chokepoints during the ongoing conflict, shifting to collect oil cargoes outside the Gulf. The rerouting is expected to add friction/cost to crude delivery logistics, reinforcing risk-off conditions for energy supply chains.

Analysis

Two Chinese shipping giants have stopped routing oil tankers through two Middle East chokepoints during the ongoing conflict, shifting to collect oil cargoes outside the Gulf. The rerouting is expected to add friction/cost to crude delivery logistics, reinforcing risk-off conditions for energy supply chains.