Strait Blockade Shakes Oil Markets

The Strait of Hormuz is still blocked after over 100 days, causing a staggering 95% drop in crude oil and 99% in LNG shipments — the largest supply disruption ever recorded — yet oil prices remain surprisingly stable. The culprit? The “dark trade,” where ships vanish from tracking, sail at night, and sometimes get naval escorts, making real-time supply tracking nearly impossible. In response, demand has dropped and stored oil is flooding the market, but experts warn that buffers won’t last into July, especially as heating oil demand spikes in colder months. Even if the strait reopens, recovery won’t be quick — repairs could take ten weeks to two years, with basic shipping and inspection services already shuttered due to lack of business. And if it does reopen fast, a sudden flood of oil could crash prices instead of lifting them. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7be6202d84eeadf4