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Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints | OilPrice.com

Oil prices retreated on hopes of renewed U.S.-Iran nuclear talks, but analysts warn the pullback could be short-lived as geopolitical risks now extend beyond Hormuz to the Bab el-Mandeb Strait.

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Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints | OilPrice.com

Houthis blockaded Bab el-Mandeb and attacked Saudi tankers, doubling Middle East oil chokepoint risk; 7M barrels daily transit the corridor. European refiners face 10-15 day diesel delays and forced Atlantic Basin sourcing reshuffle; global oil pricing and trade flows face significant disruption.

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Oil prices plunge as US and Iran pause strikes over Strait of Hormuz

Oil prices eased in early trading on Monday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf.

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Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints | OilPrice.com

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Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints | OilPrice.com

Oil prices plunge as US and Iran pause strikes over Strait of Hormuz

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Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints | OilPrice.com

Oil Prices Plunge 5% After U.S. and Iran Halt Attacks | OilPrice.com

Oil prices fall 5%: Crude cools as US-Iran pause fuels hopes of diplomatic breakthrough

Oil prices fall 5%: Crude cools as US-Iran pause fuels hopes of diplomatic breakthrough

Oil prices plunge as US and Iran pause strikes over Strait of Hormuz