Global Oil Market Stabilises As Strait Of Hormuz Records Highest In Six Months

Global oil market is resetting for sustainable supply as oil and liquefied natural gas shipments through the Strait of Hormuz over the past two weeks reached their highest level in six months. This further signals that U.S. naval protection and mine-clearance efforts are “paying off,” a regional U.S. commander said. “Clearly, momentum is building,” Admiral Brad Cooper, […]

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