Oil Rally Stalls Amid Hormuz Strait Focus

The oil rally has stalled as focus shifts to the Strait of Hormuz, with reports indicating the strait is not closed despite earlier concerns. This situation is impacting oil market flows and prices.

13 Aug, 17:03 — 13 Aug, 17:03

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bloombergHigh18d ago

For Oil Markets, the Strait of Hormuz Isn’t Closed Says Blas

US Energy Secretary Chris Wright claims that almost 9 million barrels a day had crossed Hormuz during the previous week, which is significantly higher than most tanker trackers' estimates. The oil market is skeptical of Wright's estimate, with many trackers pegging recent Hormuz flows at around 4 million to 5 million barrels a day. Bloomberg Opinion columnist, Javier Blas joined Bloomberg Intelligence to discuss. (Source: Bloomberg)

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Oil Rally Stalls Amid Hormuz Strait Focus

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For Oil Markets, the Strait of Hormuz Isn’t Closed Says Blas

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