Key developments: Recent shipping data show a rebound in oil movements through the Strait of Hormuz, with carriers reporting higher volumes despite lingering doubts about Iran’s transit rules. At the same time, Abu Dhabi National Oil Co has…
Continue reading Oil flows surge through Hormuz as regional tensions ease and buyers resume loading from UAE portsKey developments: Fresh missile attacks on Saudi Arabia’s energy infrastructure and a wave of tanker assaults near the Strait of Hormuz have driven Brent crude up around 2%, marking the highest price levels in almost two weeks. The…
Continue reading Saudi attacks and Hormuz tanker strikes push oil prices up 2%Key developments: Brent crude has stayed above the $100 barrier while tanker traffic in the Strait of Hormuz fell to a two‑month low. At the same time, oil prices rose 5% after Iran intensified attacks on Hormuz tankers,…
Continue reading Brent Holds Above $100 Amid Hormuz Tensions
