Strait of Hormuz
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Hormuz, 15 Ships a Day: The Strait Is the Machine, and It Is Starving
One Aframax tanker was hit in the Strait of Hormuz on August 27, and Brent is back above $90. But the harder number is traffic:…
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The Oil Load Sheet: A Gap That Doubled in a Month and a Buffer With a Clock On It
The IEA’s August report widens the 2026 demand decline to 1.6 million bpd, puts supply down 4.3 million, and projects a Q3 gap of 1.8…