A growing stream of stranded oil is making its way out of the Strait of Hormuz and Kuwait said it will start ramping up production, as the US-Iran interim peace deal sparks a flurry of activity that is already pushing Middle East flows toward pre-war levels.
A growing stream of stranded oil is making its way out of the Strait of Hormuz and Kuwait said it will start ramping up production, as the US-Iran interim peace deal sparks a flurry of activity that is already pushing Middle East flows toward pre-war levels.
The Shaden very large crude carrier in 2025. Source: MarineTraffic
Oil flows going through the Strait of Hormuz may recover to only about 70% of their pre-war level, according to Goldman Sachs Group Inc., which highlighted regional producers leaning on alternative routes.
Oil flows going through the Strait of Hormuz may recover to only about 70% of their pre-war level, according to Goldman Sachs Group Inc., which highlighted regional producers leaning on alternative routes.
Vessels sail along the Strait of Hormuz in this image from ISNA news agency on June 1. Photographer: AMIRHOSSEIN KHORGOOEI/AFP
A laden liquefied natural gas carrier and an empty products tanker are crossing the Strait of Hormuz, as traders watch for signs of traffic through the key waterway after an interim US-Iran peace deal went into effect.
A laden liquefied natural gas carrier and an empty products tanker are crossing the Strait of Hormuz, as traders watch for signs of traffic through the key waterway after an interim US-Iran peace deal went into effect.
Anmelden
