The renewed disruption to traffic through Hormuz has once again choked off regional exports, threatening hopes for a recovery in Asian or Middle Eastern refinery activity.

There is a rapidly escalating supply crunch that has yet to show up on oil markets. While the price of crude has risen in the past week as the fragile Iran war ceasefire has…

With Brent crude reaching its highest price since June, how are investors reacting to the escalating conflict in the Middle East?