1 sources · updated 3h ago

Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets

Coverage — read at the source

• oilprice.com · 3h ago

  Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets ↗

  Oil prices have continued to whipsaw since the U.S. and Iran announced last week signed a deal to make a deal as traffic through the Strait of Hormuz is anything but straight and not expected to normalize within days. Contradictory messaging from Iran and the United States on the navigability of the chokepoint have intensified during the weekend amid a difficult start to the (delayed) talks in Switzerland. Shippers and insurers, who were already very cautious about returning to the Persian Gulf…

• oilprice.com · 5h ago

  The Hormuz Threat Oil Markets Are Ignoring ↗

  Threats from President Trump to bomb Iran again and Iranian negotiators leaving the talks in Switzerland once again clouded the outlook for one of the world’s busiest oil chokepoints. Talks are progressing, but the degree of uncertainty about global oil supply security remains high—because of the risk environment in the strait, of which most appear to be oblivious. Social media users have started calling Hormuz the Strait of Schrodinger, and with good reason. It is not only about whether the pas…