WS #11383
At least eight ships abruptly reversed course near the Strait of Hormuz, with some later shifting to Iran-approved routes, indicating the reopening remains fragile despite overall traffic resumption. Ukrainian drones hit a major oil terminal in St. Petersburg and other Russian oil infrastructure, continuing the campaign to disrupt Russian energy exports. OPEC+ is set to raise oil output quotas by 188,000 bpd for a fifth consecutive month, but the move is largely symbolic while Gulf exports remain blocked. India withdrew emergency natural gas supply controls imposed after LNG disruptions, signaling easing of supply concerns as Strait of Hormuz traffic resumes.
Strait of Hormuz disruptions continue
At least eight ships abruptly reversed course near the Strait of Hormuz, with some later shifting to Iran-approved routes, indicating the reopening remains fragile despite overall traffic resumption.
Ukrainian drones hit a major oil terminal in St. Petersburg and other Russian oil infrastructure, continuing the campaign to disrupt Russian energy exports.
OPEC+ is set to raise oil output quotas by 188,000 bpd for a fifth consecutive month, but the move is largely symbolic while Gulf exports remain blocked.
India withdrew emergency natural gas supply controls imposed after LNG disruptions, signaling easing of supply concerns as Strait of Hormuz traffic resumes.