US Moves to Break Iran’s Chokehold on Hormuz

Oil Shockwave: Middle East Crisis Sends 2027 Prices Into Orbit - The deteriorating oil crisis in the Middle East is gradually pushing up oil price expectations not only for this year but also for 2027 ahead, with market participants worried about the viability of Gulf exports even if the current double blockade ends. - Some 11 million b/d of production is currently shut across the Middle East, with most oil producers reaching tank-tops and unable to store more in their systems; these high inventories would take at least 2-3 months to clear.…