Traders Rush to U.S. Distillate Tanks as Hormuz Disruptions Tighten Global Supply
Since the outbreak of the Israel-U.S. conflict with Iran, demand for U.S. distillate storage has climbed sharply as traders prepare to ship diesel, jet fuel and other middle distillates overseas. The spike is concentrated in Gulf Coast and East Coast export hubs, reflecting competition between Europe and Asia for Atlantic Basin supplies amid strain…