23 June | Oil

Asian oil importers monitor Persian Gulf tensions

Asian oil importers monitor Persian Gulf tensions

Asian oil buyers and traders are closely monitoring the situation around Iran, fearing possible supply disruptions. The Strait of Hormuz handles 90% of all oil shipments from the region to Asia. Overall, Asia accounts for more than 80% of Middle Eastern oil purchases. If shipments through this strait stop or become difficult, the market may face a sharp shortage of raw materials.

China is the world's largest oil consumer. Approximately 14% of all its oil comes from Iran. However, the actual volumes may be higher since some shipments are processed as cargoes from other countries such Malaysia and Oman to bypass American restrictions. A halt in supplies from Iran could create serious problems for Chinese industry. According to Bloomberg experts, if supplies from Iran are halved or stopped, China will have almost no alternatives to compensate for them.

Russia, another fuel exporter, is also experiencing difficulties in the current situation. The country has increased oil supplies to Asia in recent years. However, its tankers are forced to choose between risks in the Red Sea and a lengthy detour around Africa. This increases delivery time and transportation costs.

Gold buy
Period: 22.08.2025 Expectation: 2000 pips
Gold bounces back from 2-week low to $3,370
Today at 09:15 AM 24
Period: 31.08.2025 Expectation: 200 pips
Selling SPX down to $6,430
Today at 09:11 AM 7
Period: 31.08.2025 Expectation: 200 pips
Selling AUDUSD down to 0.6460 if reversal pattern completes
Today at 07:58 AM 8
Brent sell
Period: 22.08.2025 Expectation: 395 pips
Brent fluctuates amid fundamental uncertainty
15 August 2025 56
Period: 22.08.2025 Expectation: 1000 pips
0.9 level proved to be too high for AUDCAD buyers
15 August 2025 46
Period: 22.08.2025 Expectation: 500 pips
Spiking US inflation pushes SPX down
15 August 2025 39
Go to forecasts