WTI crude oil prices have climbed over 2% following reports that China has suspended most of its fuel exports for October. [4, 6, 9] This move is intended to bolster domestic inventories and is adding significant pressure to an already tight global supply of gasoline and diesel. The unexpected reduction in Chinese exports exacerbates existing market tightness caused by ongoing geopolitical tensions between the U.S. and Iran, which continue to support a risk premium in oil prices. [2, 3, 9]