Importer Funding Breakthrough

Major Asian importers agree in principle to finance Saudi, UAE and Omani bypass capacity in return for long-term crude supply commitments. This is the most likely path because China, South Korea and Japan all have strong incentives to reduce tanker exposure in the Strait of Hormuz without abandoning Gulf suppliers.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.