Over 60 Million Barrels of Oil Set to Head to Asia as Strait of Hormuz Reopens
More than 60 million barrels of crude oil are expected to leave the Persian Gulf and head toward Asian markets following the reopening of the Strait of Hormuz. This could ease supply pressures in Asia, which had been hit by earlier disruptions from Middle East sources.
Topics: Asia demand crude oil supply global energy markets Strait of Hormuz