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Market Incidents

Medium

Saudi Aramco Slashes Asia Crude Prices by $11 Amid Supply Surge

Saudi Aramco announced an unprecedented $11/barrel cut to its August Arab Light crude prices for Asian buyers, reflecting intense competition due to rising global supply and persistently weak Chinese oil demand. This is the largest reduction in over two decades.

Middle East / Asia · Market · Jul 08, 2026

Critical

Renewed US-Iran Tensions Threaten Strait of Hormuz Oil Flows

US airstrikes in Iran and the revocation of an oil waiver have reignited geopolitical tensions, causing oil prices to surge and raising concerns about the stability of crude and LNG flows through the critical Strait of Hormuz. This exacerbates energy security risks for heavily reliant Asian importers.

Middle East · Geopolitics · Jul 08, 2026

High

Strait of Hormuz: LNG & Oil Flows Face Renewed Risks Amid Partial Recovery

While oil and LNG flows through the Strait of Hormuz have partially recovered, recent tanker attacks highlight persistent security risks. Qatar is expected to let its LNG force majeure lapse for Asian buyers, but overall global LNG trade for 2026 remains uncertain.

Middle East · Geopolitics · Jul 07, 2026

Medium

Typhoon Bavi Tracks Towards Taiwan and China, Threatening Supply Chains

Category 5 Typhoon Bavi is forecast to make landfall in Taiwan and China, posing a significant threat to commodity supply chains and vessel availability in the Pacific Basin. This severe weather event could disrupt energy logistics and port operations.

East Asia · Weather · Jul 06, 2026

Medium

Major Shipping Lines Resume Partial Suez Canal Transits

Maersk and Hapag-Lloyd have announced a partial return of some Asia-Europe services through the Suez Canal, signaling a cautious de-escalation of Red Sea shipping disruptions. This move aims to reduce transit times but remains contingent on sustained regional stability.

Red Sea, Suez Canal · Shipping · Jul 06, 2026

Medium

Saudi Aramco Slashes August Crude Prices for Asia Amid Supply Surge

Saudi Aramco announced its largest crude oil price cut for Asian buyers in over two decades for August deliveries. This move is driven by softer demand in Asia and increased supply from the Middle East following the easing of Hormuz tensions and OPEC+ production increases.

Middle East, East Asia, South Asia · Market · Jul 06, 2026

High

Red Sea Attacks & Suez Surcharges Drive Asia-Europe Shipping Disruptions

Ongoing attacks off Yemen in the Red Sea continue to pose significant security risks to shipping, leading major carriers to maintain rerouting around the Cape of Good Hope. This, coupled with new Suez Canal surcharges, is causing extended transit times, increased costs, and port congestion in Asia.

Red Sea / Southeast Asia · Shipping · Jul 05, 2026

Critical

Red Sea Shipping Disruption Escalates

Operational and market impact assessment for Red Sea Shipping Disruption Escalates affecting Asian energy trade flows.

Middle East · Geopolitics · Jul 02, 2026

High

Malaysia Refinery Unplanned Outage

Operational and market impact assessment for Malaysia Refinery Unplanned Outage affecting Asian energy trade flows.

Southeast Asia · Operations · Jul 01, 2026

High

Strait of Hormuz Transit Delays

Operational and market impact assessment for Strait of Hormuz Transit Delays affecting Asian energy trade flows.

Middle East · Geopolitics · Jun 30, 2026

Medium

Strait of Hormuz Reopens, Oil Prices Drop Amid Ceasefire

Following an extended US-Iran ceasefire in June 2026, the Strait of Hormuz has seen increased shipping traffic, leading to a significant drop in global crude oil prices. Workarounds and reduced Chinese imports also contributed to easing the supply crunch.

Middle East · Geopolitics · Jun 30, 2026