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Asia’s Refining Margins Soar to 4-Year High as Hormuz Chokes Crude Supply

ports_congestion UTC: 2026-03-05 12:17:37

Disrupted crude flows from the Middle East to Asia due to the de facto closure of the Strait of Hormuz has pushed Asian refining margins to the highest in four years. The Singapore complex refining margins, a proxy for refining profits across Asia, surged to almost $30 per bar...

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