Oil exports through Hormuz hold firm as war risk shifts to freight: Sparta analyst

🌐 Hellenic Shipping News (IR) —

AI Summary

Oil flows through the Strait of Hormuz are reportedly holding at or above pre-war levels, while geopolitical risk is appearing in tanker freight costs rather than crude futures. Sparta analyst Aaron Kildow says September and October crude flow projections support the view that export volumes remain firm.

Oil flows through the Strait of Hormuz are holding at or above pre-war levels, and the geopolitical risk premium is showing up in tanker freight rather than in crude futures, according to Aaron Kildow, Senior Market Strategist – Global Crude Oil at Sparta. Sparta’s analysis indicates that projected September and October crude flows are the ...

World Security Conflict Markets Commodities Energy Shipping Strait of Hormuz oil exports tanker freight geopolitical risk crude flows war risk

Read original source →