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Home›Commodities›Energy›Oil prices stay elevated as Strait of Hormuz traffic s…

Oil prices stay elevated as Strait of Hormuz traffic slows

Fresh data showed ship counts through the Strait of Hormuz halved on Wednesday amid renewed fighting, tightening supply signals.

Reported · Written up by our desk · Energy

NYT Business reports fresh data showed the number of ships moving through the Strait of Hormuz halved on Wednesday amid renewed fighting.

The slowdown is helping keep oil prices elevated.

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Sources

NYT BusinessOil Prices Remain Elevated Amid Shipping Traffic Slowdown in Strait of Hormuz

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