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Droning on

More bombing and more force majeures in Asian refineries! Things are looking bad!
Published: 11 March 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Asia Edition
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More bombing and more force majeures in Asian refineries! Things are looking bad!

Everyone’s shouting “mine!” but not in the trading sense. The US accused Iran of attempting to mine the Strait, while Iran accused the US of bombing Iranian banks, justifying a response in kind. Iran answered this morning, saying there’s no more tit-for-tat, their policy will be “strike after strike.”

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About Asia Edition

Benchmark reports published at the close of the trading day in Singapore.

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