Goldman Says Oil Flows Through Strait of Hormuz Return to Pre-War Levels, Impacting Global
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Goldman Says Hormuz Oil Flows at Two-Thirds of Pre-War Levels Oil flows through the Strait of Hormuz have recovered to around two-thirds of pre-war levels, limiting the Iran war’s impact on global crude prices, according to Goldman Sachs Group Inc.
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Iran has set out its conditions to reopen the Strait of Hormuz, saying that ending the wars in the Middle East was among them.
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Washington Times BusinessIran’s Islamic Revolutionary Guard Corps again said the Strait of Hormuz will remain closed until the U.S. respects the terms of the Islamabad Memorandum of Understanding.
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Earlier this week, Oman and Iran discussed a proposal to establish a temporary joint shipping route through the Strait of Hormuz as well as a mission to clear mines from the key oil export corridor.
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Washington Times BusinessOn Tuesday, following a meeting with Iran’s Foreign Minister Abbas Araghchi and his Omani counterpart, Badr al-Busaidi, in Tehran, the two countries said they agreed on a temporary maritime route for ships traveling through the strait.
3 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 CNBC Mohsen Rezaei, secretary of Iran's Supreme National Security Council, told Lebanese media outlet Al Manar TV that any understanding on the strait with the U.S. will include an end to wars and military operations in Lebanon, Gaza and Syria.
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02 ZeroHedge Amid ongoing global oil supply disruptions due to the Iran war and Hormuz Strait crisis, and also as Ukraine's war on Russian oil refineries and export terminals heats up, the Trump administration has been scrambling to tap new reliable and long-term energy sources.
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03 Washington Times Business A spokesperson for the IRGC said in a statement Wednesday that the entirety of the strait, including Omani waters, is under Iran’s military control and would remain so until the U.S. accepts its demands.
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Sources (5)
- cnbc
- commondreams
- bloomberg
- zerohedge
- washtimes-biz