WS #13982
Iran reaffirms control of Hormuz, shipping collapses to 14-26 ships/day, IEA says blockade drained 410M barrels, but Maersk CEO signals potential return to Suez, and US crude inventories surge 17.4M barrels, easing supply fears.
Hormuz blockade and oil market
Iran reaffirms control of Hormuz, shipping collapses to 14-26 ships/day, IEA says blockade drained 410M barrels, but Maersk CEO signals potential return to Suez, and US crude inventories surge 17.4M barrels, easing supply fears.