The brief
- A Gulf oil supply disruption could raise crude costs for Indian refiners and weigh on oil-sensitive sectors
- Jaishankar Warns Of 'Major Food Crisis' In Coming Months Amid Disrupted Grain Shipments, Fertilizers Shortage, Super El Nino
- Energy security measures could offset up to 70% of Hormuz oil flows in future disruption: McKinsey
- European Gas Rises as Traders Watch for Further Talks on Hormuz
- UAE and Kuwait boost naphtha exports to Asia, sidestepping Hormuz, sources say
- Saudi Aramco considering discounts for Oman STS crude to counter high freight rates, sources say
US-Iran talks and Strait of Hormuz oil risks
Mediators are pursuing a deal to end fighting and reopen the Strait of Hormuz, while the US and Iran held separate talks. Oil prices rose amid uncertainty, though crude flows through the strait averaged above 10 million barrels per day and regional exports reached a wartime high.
Tuesday, 29 September
- Iran issues new threat against Gulf oil trade