A reopening of the Strait of Hormuz could trigger a rebound in Chinese crude imports, potentially tightening oil markets and renewing inflationary pressures despite improving Middle Eastern supply flows.

ING estimates Brent could surge to $120–$130 per barrel this summer if Hormuz disruptions persist, increasing pressure on Washington to secure a U.S.-Iran deal and avert a deeper…

The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop crude market from going haywire | World News