Asian tanker flows face disruption even with favourable war outcome
- Prolonged conflict boosts tonne‑mile demand as Asia turns to US and Russian crude, assuming refineries withstand high prices and Russia keeps barrels flowing
- Partial Hormuz reopening would ease supply constraints and widen options for Asian buyers
- A full reopening would spur an initial surge in tanker demand as states refill reserves, though longer‑term flows may shift as energy security drives renewables uptake
Asian crude oil imports have already taken a hit from the ‘largest supply disruption in the history of the global oil market’
