WS #11069
Iran's president says no concessions in US talks; Strait of Hormuz traffic at 15% of pre-war levels, reinforcing geopolitical risk premium on oil and safe havens. India plans strategic crude, LPG, and LNG reserves to cover up to a month of demand, aiming to avoid supply shocks from Persian Gulf war. Shell expects global LNG supply flat year-on-year after a decade of growth due to Middle East conflict choking supply.
Iran-US tensions escalate
Iran's president says no concessions in US talks; Strait of Hormuz traffic at 15% of pre-war levels, reinforcing geopolitical risk premium on oil and safe havens.
India plans strategic crude, LPG, and LNG reserves to cover up to a month of demand, aiming to avoid supply shocks from Persian Gulf war.
Shell expects global LNG supply flat year-on-year after a decade of growth due to Middle East conflict choking supply.