WS #13989
Iran reaffirms Hormuz blockade, ship traffic down 90%, oil prices elevated, IEA releases reserves but supply gap persists, impacting energy and transport sectors. Ukrainian drones hit major Russian refineries including Orsk (out for 6 months) and Bashkortostan, tightening global fuel supplies and supporting oil prices. Maersk raises guidance again on solid demand and disruptions, dry bulk BDI rises 9.2% in July, shipping equities gain.
Strait of Hormuz blockade and oil supply disruption
Iran reaffirms Hormuz blockade, ship traffic down 90%, oil prices elevated, IEA releases reserves but supply gap persists, impacting energy and transport sectors.
Ukrainian drones hit major Russian refineries including Orsk (out for 6 months) and Bashkortostan, tightening global fuel supplies and supporting oil prices.
Maersk raises guidance again on solid demand and disruptions, dry bulk BDI rises 9.2% in July, shipping equities gain.