A backlog of 40 tankers carrying roughly 80 million barrels of crude is preparing to transit the Strait of Hormuz, raising expectations of increased global supply and additional downward pressure on oil prices.

US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies…

Major tanker operators say the U.S.-Iran agreement is a positive step, but shipping traffic through the Strait of Hormuz may take weeks or longer to normalize as companies wait…

Empty tankers enter the Gulf via Hormuz amid US-Iran tensions. Transit of 20 ships by June 30, 2026 at 76.5% YES.

Oil flow through the Strait of Hormuz has surged to its highest point since late February. This follows a new US-Iran agreement entering a 60-day implementation phase. The US Navy…