Panama Canal oil shipments soar 70% as Asian buyers turn to US crude

In times of war, there always winners and loosers!

"Crude oil and petroleum products traveling through the Panama Canal swelled more than 70% above last year's levels in April, as the effective closure of the Strait of Hormuz sent Asian buyers scrambling to secure supplies from the U.S ..."

Panama Canal oil shipments soar 70% as Asian buyers turn to US crude - Nikkei Asia "With Hormuz unpassable due to Iran war, ships vie for limited canal transit slots"