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Asia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-Escalation

Source: OilPrice.com · Nov 06, 2026 12:30 UTC

The Quick Take

Asia’s fuel oil refining margins and benchmark prices have slumped this week after the outcome of the U.S. midterms boosted hopes that there could be de-escalation in the Middle East allowing more oil products to move out of the Strait of Hormuz. The fuel oil market has also softened in recent weeks as more oil is exiting the Gulf and going to Asia’s demand centers. This week, the refining margin

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Ground Level News aggregates headlines from public feeds. This page shows a short summary only; the full article and all rights belong to OilPrice.com.

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