The headlines have focused on shifting power in global oil markets but the deeper impact is playing out in Asia.

The region imports around 60% of its crude from the Middle East, a dependency embedded in everything from refinery design to pricing structures.

And in Singapore, a key refining and trading hub, the effects are especially pronounced, shaping business costs, fuel prices, and broader economic pressures.

On Viewpoint, Lynlee Foo speaks to Jaime Brito, Executive Director of Refining and Oil Products at Dow Jones Energy, about Asia’s dependence on Middle Eastern crude, the challenges of switching supply, and what a more fragmented oil market could mean for the region.