Asia oil bonuses rebound after US-Iran talks

Oil price premiums in Asia have fallen back to pre-war levels following a preliminary agreement between Washington and Tehran to end the conflict. However, markets are cautious due to uncertainty surrounding the details of the deal and the timing of shipments resuming through the Strait of Hormuz. Diesel and jet fuel premiums have also decreased to pre-war levels, amid expectations of increased supplies in the coming period. Nevertheless, fuel refining margins remain high due to limited inventories and concerns over potential shipping disruptions.

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