Drone strike in Hormuz revives supply fears and injects fresh risk premium

Iranian drone strikes and US retaliation amid a shaky ceasefire have blunted an uptick in shipping through the Strait of Hormuz.

Iranian attack on cargo vessel near Oman spikes crude oil prices. Normal traffic through Strait of Hormuz by July 15 at 34.5% YES.

Drone strike in Hormuz revives supply fears and injects fresh risk premium

Brent crude subsides after attack in waterway prompted jump in prices.

Aramco resumes Ras Tanura oil loadings after four-month halt

Iran attacked a Singapore-flagged cargo ship on Thursday in the Strait of Hormuz, WSJ reported, citing sources.

Strait of Hormuz traffic saw a dip Friday after a Taiwanese ship was attacked, prompting a pause in evacuation efforts. Despite this, several tankers entered the Gulf to load oil,…

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango.

Crude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, easing supply worries. This comes after…