← Top stories
▼ Bearish for Indian equities
Iraq turns to Syria for gasoline as Strait of Hormuz closure disrupts fuel supplies
The brief
- Iraq has begun importing gasoline through Syria’s Baniyas port
- The imports are under a three-month agreement amid the Strait of Hormuz closure
- Hormuz disruption exposes Indian oil importers and refiners to fuel-supply risks
Shipping through Hormuz and Bab el-Mandeb
Ship traffic through the Strait of Hormuz fell 96%, while Bab el-Mandeb traffic was at 70% of normal levels. Qatar-linked LNG traffic through Hormuz later picked up despite the conflict.
Tuesday, 29 September
- Iraq turns to Syria for gasoline as Strait of Hormuz closure disrupts fuel supplies