European refined product markets surge to record highs amid Middle East war

The European clean refined products markets have continued to see rising impact from the intensifying war in the Middle East, with market participants bracing for unprecedented supply tightness as ship traffic through the Strait of Hormuz remains absent. As the war between the US and Iran continues, a number of refineries in the Middle East have either halted operations fully or reduced runs,The European clean refined products markets have continued to see rising impact from the intensifying war in the Middle East, with market participants bracing for unprecedented supply tightness as ship traffic through the Strait of Hormuz remains absent. As the war between the US and Iran continues, a number of refineries in the Middle East have either halted operations fully or reduced runs,Read More