Asia's Crude Oil Purchases Slow Amid Hormuz Uncertainties

Asian refiners have reduced their spot purchases of Middle East crude due to lingering uncertainties around the Strait of Hormuz and high freight costs. Buyers now have sufficient non-Middle Eastern crude lined up for June and July, reducing urgency for immediate trades.

By Tsvetana Paraskova Thu, June 25, 2026 at 11:00 PM GMT+3 5 min read · Yahoo Finance · June 25, 2026, 20:00 UTC

Asia's Crude Oil Purchases Slow Amid Hormuz Uncertainties

Topics: Asian refiners crude oil demand Middle East crude oil

Read the full article at Yahoo Finance

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