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High oil prices, Iran fallout from Hamas attack bigger worries for Asia than supplies

October 10, 2023 Comments Off

Rising oil prices following escalating geopolitical tensions in the Middle East have started to ring alarm bells for Asian refiners, but near-term concerns around supplies are less of a worry due to plentiful cargo flows from Russia as well as from exporters other than the Persian Gulf region. Hamas’ surprise attack on Israel has fanned worries of a long-drawn period…