Asian Refiners Resume U.S. Crude Talks as Iran Tensions Disrupt Hormuz Strait Transit

According to Bloomberg, Asian oil refiners have recently resumed negotiations for U.S. crude spot shipments as escalating U.S.-Iran tensions disrupt vessel traffic through the Strait of Hormuz. At least three industry participants involved in U.S. crude sales and Asian refining procurement confirmed the shift. The renewed interest follows a period of market focus on Middle Eastern supply pressures, but mounting risks to those supplies amid geopolitical escalation are now driving the pivot.
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