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After the outbreak of the Iran war, Vietnam significantly increased its imports of refined petroleum products to offset a decline in domestic crude oil supply, which led to a substantial trade deficit, with fuel imports reaching over $4.3 billion in the first four months of 2026, a 56.4% increase year-on-year; meanwhile, the country diversified its sources, moving away from heavy reliance on Kuwait and China to include suppliers like South Korea and Malaysia, amidst rising global oil prices influenced by Middle Eastern conflicts. #VietnamEnergy #OilImports #GlobalMarketTrends #VN #KU #CN #KR #MY #US #AE #NG #OM #AO