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BSCN·2026-04-19 23:08
OIL FACES PIVOTAL WEEK AS HORMUZ VOLATILITY MEETS CEASEFIRE DEADLINEWTI sits at $82.59 after Friday's 10%+ crash on Iran's strait reopening, a move that unwound as Iran reimposed restrictions Saturday.The US-Iran ceasefire expires Tuesday, April 21. Goldman Sachs notes Hormuz flows remain at just 10% of normal levels, roughly 2.1M bpd. The IEA called resuming flows "the single most important variable" for global energy supply.Today's USS Spruance tanker seizure raises the stakes further heading into the new ...