Asias Crude Oil Imports Rise Amid Iran Conflict Uncertainty What To Expect Next
Economic Times
Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments.
Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined product prices remain elevated, hinting at ongoing supply chain adjustments.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
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