Oil prices remain capped near $92 as a Trump-brokered ceasefire eases supply fears, while weakening Chinese demand raises fresh concerns about demand destruction.

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn…

Strait of Hormuz tanker traffic remains 90–95% below pre-war levels, with most vessels now switching off transponders, making it far harder to track global oil and LNG flows.