WS #8612
No material new developments in the last 30 minutes. The Strait of Hormuz crisis, Ukrainian drone strikes, and Alberta wildfires continue as previously reported, with no de-escalation or counter-signals observed.
Key developments
- Strait of Hormuz crisis deepens: container shipping rates double, bunker costs up 70%
- Ukrainian drone strikes hit oil depots in Taganrog and Matveyev Kurgan, Russia
- Wildfires threaten ~500,000 bpd of Alberta oil sands production