Hormuz Reopening Is Quickly Flooding Oil Markets With Supply (opens original article in a new tab)

Hormuz Reopening Is Quickly Flooding Oil Markets With Supply. Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway.

• Key parts of the oil market are experiencing increased supply
• Cargoes out of the Strait of Hormuz are accelerating
• US-Iran agreement to open the waterway