April 9 (Reuters) - The Chinese government has given state refiners the green light to tap commercial oil reserves as the Iran war drags on, Bloomberg News reported on Thursday, citing people familiar with the matter.
Refiners including Sinopec (600028.SS) and China National Petroleum will be able to tap commercial inventories held at processing plants or in storage facilities, the report added.
Reuters could not immediately verify the report.

The direct negotiations between the US and Iran, brokered by Pakistan, have broken down. The two sides have significant differences on core issues such as the nuclear issue and the Strait of Hormuz. US Vice President Vance returned empty-handed, and Trump immediately hinted at resuming military pressure. How far can the ceasefire agreement go, and will hostilities reignite? What are your thoughts?

The direct negotiations between the US and Iran, brokered by Pakistan, have broken down. The two sides have significant differences on core issues such as the nuclear issue and the Strait of Hormuz. US Vice President Vance returned empty-handed, and Trump immediately hinted at resuming military pressure. How far can the ceasefire agreement go, and will hostilities reignite? What are your thoughts?

Negotiations with Iran stalled; US may launch limited strikes against Iran.

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Bosera CSI Oil & Gas Resources Index ETF

PETROCHINA

SINOPEC CORP

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Sinopec Corp.

China Universal CSI Oil & Gas Resources ETF

Yinhua CSI Oil & Gas Resources ETF

SINOPEC N4704

China lets state oil firms tap commercial reserves as Iran war drags on, Bloomberg News reports