WS #13912
Strait of Hormuz closure persists, oil near $90, IEA doubles Q3 deficit forecast to 1.8M bpd, shipping traffic at one-week low. Drone attacks on Novorossiysk halt grain terminal, but Ukraine pauses tanker strikes at US request, creating mixed supply signals.
Middle East conflict and oil supply
Strait of Hormuz closure persists, oil near $90, IEA doubles Q3 deficit forecast to 1.8M bpd, shipping traffic at one-week low.
Drone attacks on Novorossiysk halt grain terminal, but Ukraine pauses tanker strikes at US request, creating mixed supply signals.