*Walter Bloomberg(@DeItaone):HORMUZ SHIPPING SLUMPS AS ENERGY MARKETS TIGHTEN Commercial vessel traffic through the Strait of Hormuz fell 19% last week, with daily crossings dropping to 25 from 120 before the conflict. Freight rates declined but remain nearly double pre-conflict levels. Meanwhile, refinery damage has tightened fuel supplies, boosting refining margins and petrochemical profits, while global crude inventories continue to fall.

2026.07.09 11:59

HORMUZ SHIPPING SLUMPS AS ENERGY MARKETS TIGHTEN Commercial vessel traffic through the Strait of Hormuz fell 19% last week, with daily crossings dropping to 25 from 120 before the conflict. Freight rates declined but remain nearly double pre-conflict levels. Meanwhile, refinery damage has tightened fuel supplies, boosting refining margins and petrochemical profits, while global crude inventories continue to fall.

184

Forward to community

Most Popular Users