Shipping traffic in Strait of Hormuz was down on Thursday as just six ships travelled through the strait with two oil tankers among the six ships, according to CBS
The significant drop in shipping traffic through the Strait of Hormuz, with only six vessels reported, including just two oil tankers, suggests potential supply-side constraints in the oil market.
Peru Central Bank maintains reference rate at 4.25%, as expected
Peruvian Interest Rate Decision 4.25% vs. Exp. 4.25% (Prev. 4.25%)
Shipping traffic in Strait of Hormuz was down on Thursday as just six ships travelled through the strait with two oil tankers among the six ships, according to CBS
US President Trump posts "Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!"
New Zealand Business NZ PMI (Mar) 53.2 (Prev. 55.0)
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This could impact WTI prices, as the Strait is a critical route for oil transportation and reduced traffic may raise concerns over shipping disruptions or geopolitical risks. Traders should monitor how this affects market sentiment and any knock-on effects on broader commodity prices.
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