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Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reason is the emergence of alternative shipping networks that are allowing oil and cargo to continue flowing despite the disruption.
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brookings.edu
From chokepoint to crisis: The Strait of Hormuz and global oil markets | Brookings
Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.
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timesofindia.indiatimes.com
Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained
Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global…
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Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel…
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zerohedge.com
Growing Number Of Oil Tankers Successfully Sneak Through Hormuz, Shrinking Iran's Leverage
Hormuz is now a lot less blocked, with transits becoming more steady and greater in volume... About 2 million barrels a day of oil and related products are now flowing out of the…
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economictimes.indiatimes.com
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?
Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. strikes. Iran warned of attacks on any…
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Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels
Global crude benchmarks jumped over 2% on Thursday as tensions in the Middle East escalated once again, with Iran announcing that the Strait of Hormuz is “closed to all vessels.”…
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energyintel.com
More Tankers Risk Hormuz Transit, But Terms Hazy
Iran appears to be letting tankers through on a case-by-case basis as it exploits its newfound leverage over the Mideast Gulf's oil and LNG exports.
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Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report
Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports…