Asia scrambles for fuel oil as Iran war chokes Gulf exports
SINGAPORE: Fuel oil traders in Asia are scrambling to secure replacement supplies after shipments from the Middle East plunged amid the Iran war, forcing buyers to search for cargoes from Western markets.
Disruptions to tanker traffic through the Strait of Hormuz, a critical shipping route for energy exports, have sharply curtailed fuel oil flows from key Gulf suppliers, tightening supply across Asia's marine fu