Asian refiners are resuming purchases of U.S. spot crude cargoes as renewed disruptions in the Strait of Hormuz increase concerns over Middle Eastern oil supplies.

Iran conflict boosts U.S. crude imports from Asia to record levels. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Asian refiners are resuming purchases of U.S. spot crude cargoes as renewed disruptions in the Strait of Hormuz increase concerns over Middle Eastern oil supplies.