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

OilPrice.com · Tsvetana Paraskova · 2026-11-06 12:30 UTC

Asia's high-sulfur fuel oil margin fell to a $2.29 discount this week as U.S.-Iran de-escalation hopes grew and more Gulf supply reached Asian buyers.

Fears of renewed U.S.-Iran hostilities…

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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.

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