WS #11180
Commercial shipping through the Strait of Hormuz surged to 10 million barrels per day with US military support, weakening Iran's oil leverage and acting as a counter to the oil supply crisis. Russia confirms fuel shortage after Ukrainian drone strikes on refineries, and is importing refined fuel from India, nudging oil prices higher.
Strait of Hormuz Oil Flows Surge
Commercial shipping through the Strait of Hormuz surged to 10 million barrels per day with US military support, weakening Iran's oil leverage and acting as a counter to the oil supply crisis.
Russia confirms fuel shortage after Ukrainian drone strikes on refineries, and is importing refined fuel from India, nudging oil prices higher.