China's National Development and Reform Commission (NDRC) announced on Tuesday that gasoline and diesel prices will rise again due to escalating international oil prices, which have been influenced by the ongoing conflict in West Asia. The price hike, effective Wednesday, will see gasoline prices increase by $61 per tonne and diesel prices by $58 per tonne. This is the second increase in less than two weeks, following an earlier hike on March 23, as China prepares for potential fuel shortages amid concerns over the current US-Israel-Iran war. Meanwhile, Russia is experiencing heightened demand for its energy resources during a global energy crisis, with Kremlin officials noting numerous requests for Russian oil amid the instability in the market. The situation is further complicated by Ukrainian attacks on Russian oil infrastructure, which have reduced Russia's oil export capabilities by 1 million barrels per day, approximately 20% of its total capacity. As the global energy landscape shifts, both China and Russia are adjusting their strategies in response to these challenges.