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Ah Fuel, Here We Go Again…

Structure strengthens on escalating geopolitical tensions; strength focused in the East amid renewed Hormuz closure, M1 380 E/W hits $50/mt
Published: July 23, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
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Strength in the High Sulphur Fuel Oil complex was focused in the East, given the renewed geopolitical hostilities and kinetic escalation.

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Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Martha Dowding

Research Associate, Flux
Martha Dowding

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