Goldman Sachs: Asia Oil Strain from Hormuz

Goldman Sachs analysis notes Middle East conflict disrupting Strait of Hormuz, tightening oil flows to Asia.
Asian nations source about 50% of fuel from Gulf, with South Korea and Singapore relying on nearly 75% of imports.
Despite limited shortages, alternative suppliers, inventories and export curbs have mitigated impacts, yet Asia’s net oil imports fell sharply by late March.
Petrochemical feedstocks like naphtha and LPG face acute tightness; diesel and jet prices have surged globally, India and Thailand report fuel rationing.