Asia's Crude Imports Hit Highest Since Iran War Began, Signaling Recovery

Asian crude oil imports are projected to reach 23.96 million bpd in September, surpassing August's 23.38 million bpd and marking the highest level since February. This surge follows a period of crippled supply from the Middle East due to the Iran war, which had forced Asian buyers to reduce purchases. The increased import volumes suggest a robust recovery in demand or supply normalization in the region. Sustained high crude oil imports could exert upward pressure on global oil prices, potentially impacting Pakistan's import bill and inflation, which in turn could influence the USD/PKR exchange rate.

بحوالہ / Source: oilprice.com