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Asian Fuel Importers Look to Saudi Ports Amid Hormuz Uncertainty
Summary by Asia Financial
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Asian Fuel Importers Look to Saudi Ports Amid Hormuz Uncertainty
Top Asian fuel importers are redirecting their ships to Saudi ports to avoid disruption to their supplies as uncertainty persists around passage from the Strait of Hormuz due to the Iran war. Tehran has blocked passage of most ships from the Strait of Hormuz since last month in retaliation against US-Israel attacks on the country. Asian nations have borne the worst impacts of the blockade due to their reliance on oil and gas from the Middle East…
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