Middle East crisis disrupts bunker fuel supply in Asia
pre-market1 source ↓written by the desknot a recommendation
The ongoing disruption in the Strait of Hormuz due to the Iran conflict is causing a bunker fuel crunch in Asia, raising concerns over higher freight costs and supply chain issues. Prices in Singapore, the largest bunkering hub, have surged from approximately USD 500 per metric ton as inventories tighten amid constrained supplies from Iraq and Kuwait. This situation could lead to increased consumer prices globally.
Not investment advice. For informational purposes only.