Asian Refiners Swamped, Brace For Over 60 Million Barrels Of Oil Ready To Exit Hormuz

Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates

PetroChina and Indian Oil couldn't secure VLCC tankers for Gulf crude; rates tripled to 650–750 worldscale despite Iran–US ceasefire. Logistics bottlenecks inflate energy infrastructure costs; geopolitical agreements alone don't eliminate supply volatility.