Crude oil shipments through the Strait of Hormuz have returned to pre-war levels, averaging 13.5 million barrels per day. This normalization in crude flows is a positive sign for global oil logistics. However, the supply of refined fuels is still lagging, which complicates the pricing landscape. For Indian importers and exporters, particularly those in the chemicals and industrial raw materials sectors, this means that while crude availability might stabilize, refined product costs could remain volatile. For more details, refer to the original publication on LiveMint.
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