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China Reopens October Fuel Exports as Iran Threatens Gulf Bypass Routes; Nigeria Floats a NGN 1,350/Litre Petrol Ceiling
Two opposing supply signals landed in the same morning: Beijing authorised roughly 3.7 million tonnes of combined diesel, gasoline and jet-fuel exports for October, while Tehran warned it would target the alternative Gulf export routes that have kept barrels moving around Hormuz. Washington paired a pre-midterm pause on new strikes against Iran with fresh sanctions on 17 vessels, Hurricane Isaias temporarily shut in about 1.3 million b/d of US Gulf crude, and Abuja proposed capping pump prices — a Nigeria-specific story with indirect but real read-across to the West African feedstock and UCO…
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