Mercuria CEO Marco Dunand said Chinese oil companies have been aggressively selling crude in global tenders over the past two to three weeks, a move that could reshape supply flows as the Iran war ends. The aggressive selling follows the release of 1.5 billion barrels from China's strategic petroleum reserve and continued sales of Iranian oil. Dunand also noted that the Strait of Hormuz may reopen sooner than expected. Dunand noted that Chinese gasoline demand is projected to fall by 1 million barrels per day this year due to electric-vehicle adoption, a factor that may have prompted the recent sales. He estimates the current selling window will last roughly another three weeks before China must reassess its position. Marco Dunand, CEO of Mercuria, said, "They've taken out a lot of demand from various countries and offered aggressively in tenders." He added that the sales have been driven by inventory releases and optimism about the Strait of Hormuz. With the Iran war's endgame approaching, the window of aggressive tender activity is expected to narrow, potentially leading Chinese oil companies to shift from selling to stabilizing market positions.