Hormuz Oil Flows Remain Below Normal: Standard Chartered
Oil flows through the Middle East have rebounded with Gulf crude and condensate exports (ex-Iran) recovering to near pre-war levels, but traffic through the Strait of Hormuz stays well below normal according to Standard Chartered.
Original · OilPrice.com AI summary of public reporting
Why: Hormuz flows below normal → supply risk premium
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At publication → CurrentBRENTOIL100.14 → 102.21+2.1%
CL89.15 → 91.19+2.3%