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The Economic Times

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The biggest oil risk is at the bottom of the barrel

Fuel oil, once the cheapest commodity, has become ultra-expensive due to the Iran war, threatening global trade. Key Asian ports face potential shortages, forcing ships to reroute or halt operations. The closure of the Strait of Hormuz is a primary cause, impacting a significant portion of the world's traded fuel oil.

15 Mar 2026 12:57 pm