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Exxon Mobil’s rare Australia gasoline shipment shows how the Strait of Hormuz shock is rewriting fuel trade
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Exxon Mobil’s rare Australia gasoline shipment shows how the Strait of Hormuz shock is rewriting fuel trade

Exxon Mobil has booked two tankers to ship about 600,000 barrels of gasoline from Houston to Australia in mid-March, sources said, marking a rare U.S. Gulf-to-Australia cargo. The move follows disruptions in the Strait of Hormuz that have stalled oil and LNG shipments, driving up Brent crude by 5% to $85.49 a barrel and pushing Singapore refining margins to nearly $30. Hundreds of tankers remain stranded off Gulf producers.
March 5, 2026

Stock Market Today

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