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Iran Restricts Hormuz Traffic, Warns Energy Firms Exposed to U.S. Attacks
La RepúblicaLO·IR · US·2 days ago
Refiners are prioritizing diesel over fuel oil due to war-driven tightness, squeezing shipping fuel supply. Energy Aspects projects a 218,000 bpd shortage in Q3 2026, the first since 2025, with Asia hit hardest. This marks a significant escalation from the 6,000 bpd shortfall in 2025, driven by protracted supply disruptions.