Middle East Oil Exports Rebound as Iran’s Chokehold on Hormuz Breaks Down

Mr. Hussain of Capital Economics noted that if the release is evenly split between crude oil and diesel, it would amount to about 400,000 barrels a day of diesel entering the market. That’s not enough...

A crucial dynamic oil traders are watching is whether Saudi Arabia can maintain high export volumes through the Strait of Hormuz while simultaneously resuming shipping from Yanbu, said Hamad Hussain...

“In the absence of a decisive end to the conflict, the balance of risks to oil prices will remain skewed to the upside,” said Hamad Hussain, a senior economist at Capital Economics.