WS #15089
The immediate energy supply crisis appears to be easing as oil traffic through the Strait of Hormuz has recovered to 70% of pre-conflict levels, alleviating fears of a severe global supply shock. Despite this de-escalation, the Trump administration has criticized EU member countries for not releasing as much oil and refined products from strategic reserves as promised. This political friction contrasts with the improving physical market conditions, suggesting that energy price spikes may be more policy-driven than fundamental.
Hormuz De-escalation and Energy
The immediate energy supply crisis appears to be easing as oil traffic through the Strait of Hormuz has recovered to 70% of pre-conflict levels, alleviating fears of a severe global supply shock. Despite this de-escalation, the Trump administration has criticized EU member countries for not releasing as much oil and refined products from strategic reserves as promised. This political friction contrasts with the improving physical market conditions, suggesting that energy price spikes may be more policy-driven than fundamental.