FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
    Filters
      Symbols
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Middle East Oil Flows Recover Amid Deepening Shipping Crisis

      Vitol CEO Russell Hardy reported that oil flows from the Middle East have rebounded, reaching approximately 14 million barrels per day. This recovery has been attributed to the region's adaptation of its oil trade through alternative routes and shuttle operations. Despite this positive development, Hardy cautioned that inventory buffers in Western countries have diminished significantly, raising concerns about potential price spikes in the oil market.

      The current crisis has evolved from issues surrounding crude oil to refined products and is now impacting shipping logistics. Hardy highlighted the challenges posed by a shortage of vessels and increasing threats to maritime security, including near-nightly attacks on ships navigating through the Strait of Hormuz. These developments could lead to severe disruptions in oil supply and price volatility, with some analysts warning of a possible scenario where oil prices could soar to $200 per barrel.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud