Middle East oil flows have rebounded to 98% of pre-war levels, but routing has shifted: only about 80% now moves through the Strait of Hormuz, JPMorgan data cited by Steve Grasso show. The rest of Saudi crude is going via Red Sea pipelines, while a war premium persists.
published
Middle East oil flows have rebounded to 98% of pre-war levels, but routing has shifted: only about 80% now moves through the Strait of Hormuz, JPMorgan data cited by Steve Grasso show. The rest of Saudi crude is going via Red Sea pipelines, while a war premium
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