🚨 OIL FLOWS RECOVER TO 98% — BUT HORMUZ RISK REMAINS
Middle East crude shipments have recovered to around 98% of pre-war levels, helping push oil prices lower even as another tanker was hit in the Strait of Hormuz.
🔹 17.5M bpd — estimated Middle East crude shipments
🔹 ~98% — of pre-war levels
🔹 ~12.8M bpd — September flows through Hormuz
🔹 $102.59 — Brent level reported during the recent decline
🔹 4th vessel hit — latest tanker incident in the recent sequence
📊 Market Insight:
Recovering crude flows are easing immediate supply pressure, but repeated tanker attacks can keep insurance, freight and geopolitical risk premiums elevated. More oil is moving — but the security risk around Hormuz has not disappeared.
🛢️ Asset to Watch: Brent Crude
#Oil #BrentCrude #Hormuz #commodities #BinanceSquare $BZ $CL $NATGAS
Middle East crude shipments have recovered to around 98% of pre-war levels, helping push oil prices lower even as another tanker was hit in the Strait of Hormuz.
🔹 17.5M bpd — estimated Middle East crude shipments
🔹 ~98% — of pre-war levels
🔹 ~12.8M bpd — September flows through Hormuz
🔹 $102.59 — Brent level reported during the recent decline
🔹 4th vessel hit — latest tanker incident in the recent sequence
📊 Market Insight:
Recovering crude flows are easing immediate supply pressure, but repeated tanker attacks can keep insurance, freight and geopolitical risk premiums elevated. More oil is moving — but the security risk around Hormuz has not disappeared.
🛢️ Asset to Watch: Brent Crude
#Oil #BrentCrude #Hormuz #commodities #BinanceSquare $BZ $CL $NATGAS
