Asia struggles to find fuel oil as Middle East exports plummet, sources say
Yahoo Finance·2026-03-06 05:54
By Jeslyn Lerh SINGAPORE, March 6 (Reuters) - Fuel oil traders in Asia are struggling to secure alternative supply as the Iran war curtails shipments from key Middle Eastern suppliers through the Strait of Hormuz, prompting them to look to the West for replacement cargoes. The shortage of Middle Eastern fuel oil volumes is set to dent the supply of bunker fuel for powering ships, with prices at key bunker ports such as Singapore set for further hikes in coming weeks, raising refuelling costs for vessel ...