Marine fuel supply squeeze eases despite prolonged Hormuz disruption
A marine fuel supply squeeze at major shipping hubs has eased, industry sources told the APPEC industry meet. The Iran war has continued to curtail exports out of the Strait of Hormuz, but the market has adapted to earlier supply shocks.
A squeeze in marine fuel supply at major shipping hubs has eased, even as the Iran war continues to curb exports through the Strait of Hormuz, industry sources said at the APPEC industry meet on Thursday. The market has adjusted around earlier supply shocks, according to the sources.