Refiners eagerly await the return of key Mideast supplies, but the competitive frenzy one might expect after four months of disruption has yet to emerge as markets remain resilient.

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners,…

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.