HORMUZ TALKS RUMORS SEND OIL LOWER Oil prices fell after reports suggested Iran could reopen the Strait of Hormuz within seven days if U.S. military pressure eases and the blockade on Iranian ports is lifted. However, Iranian sources have disputed the reports, calling them inaccurate. The move follows another roughly 3% oil drop during diplomatic activity on Monday, when Brent approached $100 a barrel.

HORMUZ CRISIS SENDS TANKER RATES ABOVE $1 MILLION A DAY Supertanker rates on the Persian Gulf-to-China route have surged to $1.035 million per day, nearly 5x pre-war levels, as traffic through the Strait of Hormuz collapses. Only 17 commodity vessels crossed over the weekend, versus roughly 125 large commercial vessels per day before the conflict.

HORMUZ OIL FLOWS HIT SIX-MONTH HIGH Oil and LNG shipments through the Strait of Hormuz have reached their highest level in six months, as U.S. mine-clearing and naval protection efforts boost tanker traffic. CENTCOM says Gulf allies have moved more than 1 billion barrels of crude through the strait in recent months.

Hormuz Oil Shipments Reach Six-Month High Amid US Naval Security Efforts Oil and liquefied natural gas shipments through the Strait of Hormuz have reached their highest level in six months over the past two weeks, according to regional US commander Admiral Brad Cooper. Citing successful mine-clearance operations and Persian Gulf allies shipping over one billion barrels of crude recently, officials highlight that naval protection efforts are actively easing prior global supply squeezes. Despite these positive transit gains and ongoing efforts by the US, shipping companies, and insurers to increase flow, energy markets remain tight. The Trump administration continues to closely monitor tanker volumes as markets rely on an estimated 10 million barrels per day transiting the strait, even as regional disruptions and geopolitical tensions persist.

HORMUZ SHIPPING TALKS BETWEEN IRAN AND GULF NATIONS HAVE BEEN POSTPONED, WITH OMAN SAYING THE MEETING WAS DELAYED “IN THE INTERESTS OF CONSENSUS” AS EFFORTS TO CREATE A TEMPORARY SHIPPING LANE CONTINUE. THE DELAY COMES AS BRENT CRUDE REMAINS ABOVE $105 AND IRAN SAYS ANY FUTURE SHIPPING ARRANGEMENT WOULD NOT FULLY REOPEN THE STRAIT, WITH TEHRAN RETAINING CONTROL OVER WHICH SHIPS CAN TRANSIT.