Enerdealers Editorial

What began as a shock to oil and gas markets has rapidly morphed into a broader supply chain crisis. About a third of the world’s traded urea and up to half of global sulphur exports are linked to Gulf producers and seaborne routes that are now severely constrained. Qatar alone normally supplies roughly one‑third of global helium, a niche market with almost no spare capacity elsewhere. The result is a cascade of second‑order effects that are hitting Asia, Africa, Europe and Latin América.

Asian refiners, power utilities, and aviation hubs are being squeezed by the Hormuz crisis, which has choked off traditional Gulf export routes just as regional demand recovers. In this context, reliable FOB supply out of Jurong and other Asian ports —paired with CIF cargoes on an ASWP basis— offers a concrete way for traders and end‑users to secure EN590, Jet A1, and other refined products without waiting for geopolitics to normalize.

Since early 2022, the Russia–Ukraine war and the escalating Iran–Israel confrontation have combined into a twin shock that has redrawn the global energy map. Together they have fractured long‑standing trade routes, birthed parallel market systems, and injected structural volatility into pricing, logistics, and policy.