Energy

Oil prices rise as attacks dent hopes for Strait of Hormuz reopening - Al Jazeera

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DW NOTE

The draft deal to reopen Hormuz was meant to calm markets. Instead, attacks have resumed and crude is up 11.8% week-over-week. When you blockade the chokepoint for 20% of global oil, a diplomatic framework doesn't end volatility — it creates another vector for disappointment.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Oil prices rise as attacks dent hopes for Strait of Hormuz reopening - Al Jazeera

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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