Iran conflict disrupts oil supply to Asian countries dependent on Middle East
By Katya Golubkova, Yuka Obayashi and Nidhi Verma
TOKYO/NEW DELHI, March 2 (Reuters) - The widening Iranian conflict is disrupting oil flows to several Asian countries as vessels are bottled up within the Middle East Gulf and crude and transport costs are rising, industry sources and analysts said on Monday.
The disruptions highlight the risks to Asia, the world's biggest oil consuming region, which sources 60% of its oil from Middle Eastern producers, from the fighting between the U.S. and Israel on one side and Iran.