Escalating Middle East tensions raise supply anxieties in Asia bunker markets
- Bunker market players are increasingly concerned about constrained supplies as more attacks continue, limiting Hormuz transits
- Chinese demand rose briefly this week as buyers look to snap up cargoes to limit exposures to steep gains in crude futures
- Middle East Gulf ports are also facing shortages, with exports out of the region uncertain
With the US going hard on Iran-related sanctions, Asian sellers are shifting to Russian barrels, which are also set to tighten as refinery runs fall drastically
