WS #15313
Shipping traffic in the Strait of Hormuz has collapsed by 99% following IRGC interference, with 161 tankers going dark in a single day. This supply disruption has driven Brent crude above $102 and WTI to $91. OPEC+ has maintained output targets, refusing to offset the shortfall, which exacerbates the price spike. The US has deployed a third carrier to the region, underscoring the severity of the escalation.
Hormuz Supply Shock
Shipping traffic in the Strait of Hormuz has collapsed by 99% following IRGC interference, with 161 tankers going dark in a single day. This supply disruption has driven Brent crude above $102 and WTI to $91. OPEC+ has maintained output targets, refusing to offset the shortfall, which exacerbates the price spike. The US has deployed a third carrier to the region, underscoring the severity of the escalation.