The US-Iran war has disrupted supply chains and increased shipping costs. Asian refineries are now forced to find alternative sources of crude, shipping it from the US Gulf to Asia via the Panama Canal.
Asian refineries are increasingly sending medium-sized crude oil shipments from the US Gulf Coast to Asia via the Panama Canal. This is due to disrupted flows and rising shipping costs caused by the US-Iran war, which forces Asian refineries to seek alternative sources of supply.
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