"Crude remains under significant pressure..."

The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money.

Gulf tanker rates have nearly doubled in a week as shippers race to secure vessels betting on a tentative Strait of Hormuz reopening.

Brent crude dips below $76 as tanker traffic resumes in Strait of Hormuz

Crude oil prices edged lower on Friday as concerns over supply disruptions eased with more oil tankers moving through the Strait of Hormuz. Around 7 am IST, Brent crude was…