Asian Refiners Turn to Argentina as Iran War Disrupts Oil Supply

Asian crude oil importers, including China, Japan, and South Korea, have begun sourcing petroleum from Argentina to compensate for supply losses stemming from Middle Eastern conflict, according to traders familiar with the transactions.
Refiners across Asia previously depended on Middle Eastern crude for a significant portion of their contracted supplies. The shift reflects efforts to secure barrels that circumvent the Strait of Hormuz, the Red Sea, and other geopolitically sensitive transit ro