The impact of China's ban on refined oil exports is becoming evident, with fuel prices in Asia skyrocketing by 60%. Reuters reports that the U.S. has messed up!

Last week, a ban from China pressed the "pause button" on refined oil exports, and the effects are now apparent. Fuel prices in the Asian market have soared like a rocket, increasing by 50% to 60% in just a few days. Recently, Reuters cited a report by U.S. expert Luke Gromen that pointed directly at the White House.

Airplanes need to take off, trucks need to run logistics, and harvesters in the fields need to operate; none of these can do without fuel. It can be said that China's export pipeline is the "main artery" of energy flow in Asia. When this main artery is suddenly cut off, the entire region's blood circulation immediately encounters problems.

With the ban last week, countries like Singapore, South Korea, and Japan that rely on imports of refined oil from China found their inventories in urgent need. Spot goods in the market became extremely scarce, and buyers had to frantically raise prices to secure supplies, which is why prices could be pushed up by sixty percent in just a week.

So why did China suddenly ban exports at this time? This is a defensive measure for China's own energy security and a response to changes in the global energy landscape. Domestic demand is recovering, coupled with increased uncertainty in the geopolitical situation, prioritizing internal supply has become a necessary choice. However, this move is equivalent to an earthquake for neighboring Asian countries that rely on imports.

U.S. macro strategist Luke Gromen commented: "If I wanted to end the petrodollar and accelerate the development of the 'petro-yuan', I couldn't think of a better plan than what the U.S. has done in the past three weeks."

When oil priced in dollars cannot be stably supplied, Asian buyers are starting to seriously consider alternatives. Since following the dollar means no gasoline, wouldn't settling in yuan and directly obtaining long-term supply agreements from China be more reliable? After all, Tehran has already made such a suggestion.