Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Crude oil exports from strait of Hormuz largely return to pre-war levels

Alternative ways being used to move fuel out of Gulf region, but flows of refined products such as diesel still constrained Exports of crude from the strait of Hormuz have largely returned to levels seen before the outbreak of the Iran war, as oil producers and the shipping industry have found alternative ways of transporting crucial fuel out of the Middle East. Pipeline exports and ship-to-ship transfers are among t…

1 Oct, 15:52

Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Tanker traffic through Hormuz has begun to recover, though vessel movements remain well below pre-conflict levels

2 Jul, 06:46

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February Business live – latest updates Oil prices have fallen below levels seen before the Iran war started in late February as more oil tankers exited the strait of Hormuz. Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US a…

25 Jun, 07:39

Oil price falls to levels not seen since before Iran war

Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.

25 Jun, 07:11