Fujairah VLSFO prices hit four-year high as renewed Hormuz uncertainty challenges restocking

• Fujairah bunker prices hit a four-year high yesterday as the conflict severely tightens supplies of VLSFO
• Availability has become virtually absent with traders observing no bunkering activity this week for VLSFO bunkers
• The IRGC has concurrently announced that it will be shutting access through the strait, creating near-term uncertainty for bunker cargoes originating outside the gulf
• Shipowners have been actively avoiding bunkering at Fujairah since the conflict began, choosing instead to bunker at ports outside the gulf