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Oil rebounds as layered Middle East and Russia disruptions strain supply routes
Brent futures crossed $100 per barrel on Thursday, while Red Sea shipping threats and reduced Strait of Hormuz transits highlight how logistics are tightening.
Oil markets are rebounding after a period of pressure, but the underlying problem for supply is worsening as multiple disruptions pile up across crude shipping and processing infrastructure, according to Yahoo Finance.
The outlet points to a resurgence of the US-Iran conflict and attacks linked to the Houthi militia that have threatened shipping through the Red Sea, alongside bombardment affecting Russia’s refineries that process a sizable share of global diesel supply.
As those disruptions compound an already tight market, fewer routes exist to move barrels, fewer refineries can process incoming crude, and fewer emergency buffers are available to absorb additional outages.
Investors continue to focus on the Strait of Hormuz, where crossings reportedly fell sharply after a brief recovery, with Kpler data cited as showing only 22 verified transits recorded between July 20 and 21, versus more than 100 daily transits before the war.
Latest closeWTI crude $90.47 ▼1.9%