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#HormuzOilSupplySqueeze

Q: What is HormuzOilSupplySqueeze?

HormuzOilSupplySqueeze is Shipping through the Strait of Hormuz hit a more than two-month low: just seven commodity vessels crossed on Oct 6, the fewest since July 23. Kpler said crude transit volumes fell 27% from the prior week’s high to at least 10.1M bpd. Brent rose 4.1% to $104.28/bbl on Oct 8 amid tanker attacks and precautionary US Gulf production shut-ins. Trump cited productive US-Iran talks but said the blockade would remain. Can diplomacy, alternative export routes and IEA stock releases ease supply pressure?. Follow this topic on OKX Orbit for the latest community posts and token insights.

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About HormuzOilSupplySqueeze

Shipping through the Strait of Hormuz hit a more than two-month low: just seven commodity vessels crossed on Oct 6, the fewest since July 23. Kpler said crude transit volumes fell 27% from the prior week’s high to at least 10.1M bpd. Brent rose 4.1% to $104.28/bbl on Oct 8 amid tanker attacks and precautionary US Gulf production shut-ins. Trump cited productive US-Iran talks but said the blockade would remain. Can diplomacy, alternative export routes and IEA stock releases ease supply pressure?

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‏‎‎-0.31‎%‎‏

‏‎‎-0.55‎%‎‏

USO

‏‎‎-0.71‎%‎‏

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