---
title: Bloomberg's Michael Ball notes that material flows through Hormuz creates a different problem for crude,
description: "Especially in Asia, as too much supply hits a region that has already adapted to fewer Middle East barrels.\n\nAsian refiners replaced disrupted Middle East barrels with US crude and other alternatives, cut some processing runs when prices rose and are now facing a sudden wave of Persian Gulf supply.\n\nThis has led Middle Eastern crude curves to flip into bearish contango, showing the market is pricing a near-term glut rather than shortage.\n\nSource: Bloomberg, zerohedge"
---

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# [Bloomberg's Michael Ball notes that material flows through Hormuz creates a different problem for crude,](https://blog.syzgroup.com/syz-the-moment/bloombergs-michael-ball-notes-that-material-flows-through-hormuz-creates-a-different-problem-for-crude)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jun 19, 2026, 2:16:19 PM

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