Asian LPG markets are settling into a new reality as the Strait of Hormuz closure enters its third month. Deputy Editor Waldemar Jaszczyk and Singapore-based LPG Editor Frances Goh examine how the biggest buyers of Middle East cargoes — India and China — are coping with prolonged supply disruption through pivot to US barrels and sharp demand reduction. They also assess whether the recent trade-flow re‑routing will last and what it could mean for regional pricing benchmarks.

This episode was recorded on 1 May 2026

Global energy markets are at a turning point—and the Middle East is right at the center. Supply remains constrained by regional tensions, while demand continues to hold strong, especially across Asia. The United Arab Emirates is redefining its role within OPEC, signaling a shift toward greater production independence and long-term strategy over collective control.

Join Tom Reed, VP – China, Crude and Oil Products and Dubai‑based experts Nader Itayim, Middle East Editor and Sarah Raffoul, Manager-Analytics and Consulting in this exclusive video insight.

Hear Argus’ essential analysis of how the Middle East conflict is impacting the potash market and discover why potash stands out as an anomaly – with demand rising despite the war, defying historical trends. This episode focuses on production, logistics, prices, the lack of demand destruction, future risks, key takeaways and what to watch out for next.

Join Mike Nash, Senior Editor – Fertilizers and Julia Campbell, Global Editor - Potash as they discuss these topics in the latest episode of Argus' Fertilizer Matters podcast series.

Key questions answered in this podcast:

• How has the Middle East war directly or indirectly affected the MOP and SOP markets?
• How have MOP and SOP prices developed since the war started?
• Why hasn’t there been demand destruction in the potash market?
• What’s driving global potash demand?
• What risks do the MOP and SOP markets face if the war continues?
• What roles do production and freight costs play in the MOP and SOP markets?
• How much of an impact is the rising cost of sulphur having on the SOP market?
• What are the key takeaways and what should we watch out for next?

Related links

• Argus Potash price reporting service | More info | Request trial
• More information: Potash short and mid to long-term outlook services
• Free newsletter sign up: Argus Fertilizer Market Highlights