Bunker prices surge as Hormuz tensions reignite
- VLSFO, HSFO and LSMGO prices in Zhoushan, Singapore, Rotterdam and Fujairah have all risen sharply since July 8 when Trump called the MOU ‘dead’
- Lead times have lengthened globally, with Singapore requiring up to 19 days’ notice for bunker sales
- Fujairah saw inventory levels recover during the brief ceasefire. But renewed attacks could limit continued imports
Further tightness expected as the Hormuz choke continues to limit bunker availability globally
