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12.08.26 - 19:33
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US Now Expects Iran War Oil Supply Disruptions To Last Through End Of 2027 (ZeroHedge)
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US Now Expects Iran War Oil Supply Disruptions To Last Through End Of 2027
At first, the Hormuz lockdown was supposed to last a few weeks, tops. Not any more: the US now expects oil supply disruptions stemming from the US-Iran war to reach about 600,000 barrels per day through the end of next year as the conflict continues to crimp shipments via the critical Strait of Hormuz.
Oil transported through the waterway averaged 4.9 million barrels per day in the second quarter of this year, according to estimates from the US Energy Information Administration's Short-Term Energy Outlook. That compares to an average of 21.6 million in the last quarter of 2025, before the US and Israel launched attacks on Iran.
The figures indicate that a brief intermission in fighting, when a so-called memorandum of understanding was signed, did little to blunt the impact of one of the worst disruptions to global energy markets in history. A deal between Iran and Oman to reopen the strait remains elusive, though offic...
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12.08.26 - 17:00
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U.S. Crude Oil Inventories Unexpectedly Skyrocket (AFX)
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WASHINGTON (dpa-AFX) - A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. unexpectedly skyrocketed in the week ended August 7th.The EI......
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