HORMUZ OIL FLOWS REBOUND TO TWO-THIRDS PREWAR LEVEL AS IRAN’S GRIP ERODES, ATTACKS 19 SHIPS

Rory Johnston, a Toronto-based oil analyst and the founder of Commodity Context, an independent oil market research firm, wrote on X this weekend that oil shipments through the Strait of Hormuz have recovered to roughly two-thirds of prewar levels, driven by a surge in Saudi exports. This suggests that Tehran’s leverage over the critical maritime […]

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