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stateofemergency
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#StateOfEmergency 400% Strait Traffic Surge Eases Supply Fears, Will Oil Break Lower Monday?
Hormuz transits jumped from 39 to 192 in two weeks, UKMTO reports show.
Traffic still runs about 90% below pre-war levels, and many ships sail dark.
WTI closed at $87.57 and Brent at $92.40, both testing May downtrend lines.
Hormuz transits jumped from 39 to 192 in two weeks, UKMTO reports show.
Traffic still runs about 90% below pre-war levels, and many ships sail dark.
WTI closed at $87.57 and Brent at $92.40, both testing May downtrend lines.
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