WS #11382
Multiple sources report ongoing disruptions in the Strait of Hormuz, with tankers turning back and Iran tightening navigation rules, but no escalation or de-escalation signal. Ukrainian drones hit St. Petersburg oil terminal and Kstovo refinery, continuing the campaign against Russian energy infrastructure. OPEC+ plans to increase oil output by 188,000 bpd for a fourth straight month, but analysts call it largely symbolic while Gulf exports remain blocked. India lifts emergency natural gas supply controls imposed after LNG disruptions, signaling easing of supply concerns.
Strait of Hormuz disruptions continue
Multiple sources report ongoing disruptions in the Strait of Hormuz, with tankers turning back and Iran tightening navigation rules, but no escalation or de-escalation signal.
Ukrainian drones hit St. Petersburg oil terminal and Kstovo refinery, continuing the campaign against Russian energy infrastructure.
OPEC+ plans to increase oil output by 188,000 bpd for a fourth straight month, but analysts call it largely symbolic while Gulf exports remain blocked.
India lifts emergency natural gas supply controls imposed after LNG disruptions, signaling easing of supply concerns.