Since last night, 30 ship owners and captains have been coordinating with the IRGC Navy to pass through the Strait of Hormuz.

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PRIMER - Today’s Fedspeak includes: Barkin, Goolsbee

UBS raises September forecasts by USD 10/bbl to USD 105/bbl for Brent and USD 97/bbl for WTI; if supply disruption lasts longer, oil prices could overshoot in the short term in order to trigger significant demand destruction

Since last night, 30 ship owners and captains have been coordinating with the IRGC Navy to pass through the Strait of Hormuz.

UK Chancellor Reeves stands ready to act if market conditions worsen later this year

IEA Chief Birol says oil markets could enter a red zone in July-August as stocks deplete and summer demand returns

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  • It is very likely that these 30 ships will pass through the strait by tonight, in coordination with the IRGC Navy and along the designated route.

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