EnergyReader · 2026-06-23 07:01

China's Import Cut and Reserve Draw Are Capping the Oil War Premium

By EnergyReader Newsroom · June 23, 2026

ICE Brent crude front-month traded at $76.75 on Tuesday (2026-06-23), down 1.13% on the day, as the market kept betting that the Strait of Hormuz will reopen and that crude will rush back when it does.

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Connected coverage Stories linked to China through the market graph: same hub, spread, route or driver.

China Spot LNG Imports Near 180% Year-to-Date Gain Before August Retreat 23m ago · China same market China Cuts Solar Export Tax Rebates as Manufacturing Capacity Hits 1,200GW 1h ago · China same market Taipower Files Maanshan Restart Plan as JKM Holds Above $27 on Asian LNG Pressure 16m ago · JKM via Chinese LNG Demand Newcastle Coal Holds at $137 as Asia's LNG Shortage Drives Demand Outlook 13h ago · Newcastle Coal via Chinese Coal Imports and Po… Hormuz Throughput Has Doubled From Its September Low, But Brent Is Still Above $100 2h ago · Brent via Chinese Industrial Activity… Taiwan Moves to Revive Nuclear Capacity as LNG Prices Bite 22h ago · JKM via Chinese LNG Demand

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Brent Crude Oil Strait of Hormuz