Chinese refiners suspended oil product exports beyond Hong Kong and Macau during the country’s Golden Week holiday as Beijing sought to preserve domestic fuel stocks, tightening already constrained global fuel markets. PetroChina dropped several October gasoline and jet-fuel cargo commitments, while Zhejiang Petrochemical Corp scheduled no oil-product shipments during the holiday. Oil prices firmed as traders assessed the export halt, tanker traffic from the Gulf, U.S.-Iran peace talks and an OPEC+ meeting expected to leave November output targets unchanged. Analysts have raised their average 2026 Brent forecast to $89.05 a barrel amid conflict-related disruptions to crude and fuel flows, although Middle Eastern exports have shown gradual improvement. Beijing’s policy after the holiday ends October 7 remains uncertain and may depend on domestic inventories and refinery output.