China’s Top Oil Refiner Cuts Activity by 10% as War Hits Supply

China's largest oil refiner Sinopec has cut its processing run rates by 10% due to reduced crude oil availability caused by the widening Middle East war and shipping difficulties through the Strait of Hormuz. The supply disruption reflects the far-reaching economic consequences of the regional conflict on global energy markets. The move signals potential downstream impacts on refined product supply in Asia.