Middle East Conflict: What It Means for Crude Markets

Join Azlin Ahmad (Managing Editor, Argus), Fabian Ng (Editor, Argus), and Reena Nathan (Deputy Editor, Argus, as they examine how the Middle East conflict has abruptly reshaped global crude and condensate markets—triggering supply disruptions, extreme price volatility, and urgent shifts in Asian sourcing strategies.

Key Topics covered:

• Middle East supply shock: Strait of Hormuz disruptions and crude rerouting have cut access to millions of barrels per day and redrawn regional flow patterns.
• Benchmark price spikes: Dubai and Oman crude prices have surged well above Brent, intensifying cost pressures for Asian refiners.
• Scramble for alternatives: Asian buyers are turning to US, Russian, African, and Australian crudes, while a major condensate shortage adds further strain.