Asian oil buyers assess stockpiles, Middle East alternatives as Iran conflict escalates
2 March 2026
Time to read: minutes
June Goh, senior analyst at Sparta Commodities, said oil prices would likely trade higher, with the impact tempered by an expected increase in production from the OPEC+ producers group.She noted that oil infrastructure was not yet affected.“The industry is currently grappling with a slowdown in shipping activity via the Strait of Hormuz due to insurability, not an outright blockade,” she said.
Book a demo to see how Sparta enables you to trade with conviction
