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The Economic Times
The Economic Times

YOU WONT BELIEVE: Asian refiners buy more us crude as hormuz remains blocked - You Need To See This

Asia United States CPC Mars Japan India South Korea Taiwan Trafigura West Africa

Singapore: At least four Asian refiners bought U.S. ​crude this week, as ​the Strait of Hormuz remained effectively closed and refiners ​sought alternative supplies for delivery later this year, traders said.

Shipping traffic at the Strait of Hormuz fell below the average for this month towards the ‌end of ⁠the week ⁠due to competing U.S. and Iran claims over control of the waterway.

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