Fuel Tankers U-Turn to Asia as War Worsens Supply Crunch

Asian energy buyers, eager to secure supplies as the Middle East war enters its second week, are outbidding rivals to lure fuel shipments that were headed to other regions.

At least eight tankers, laden with petroleum products such as diesel and jet fuel, have all made sharp route changes in recent days and have been seen traveling toward East Asia, according to Kpler and ship-tracking data compiled by Bloomberg. Three of the shipments came from India, three got out of the Persian Gulf before the Strait of Hormuz was effectively closed last week, and two loaded in Oman.