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Oil prices stay below $100 as Hormuz blockade persists, aided by record US exports and China demand slump
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Business·7‏/6‏/2026ملخص الذكاء الاصطناعي

Oil prices stay below $100 as Hormuz blockade persists, aided by record US exports and China demand slump

Global oil prices remain under $100 a barrel three months after the Strait of Hormuz was effectively blocked, as record US exports, a sharp drop in Chinese demand, and strategic reserves help absorb the shock. The market remains vulnerable as buffers deplete and the question of when flows might resume through Hormuz remains the biggest wild card.

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Economic Times