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Strait of Hormuz by No Means Open for Business, Says Oil Analyst Sen

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainTransportation & LogisticsAnalyst InsightsMarket Technicals & FlowsSanctions & Export Controls

The US and Iran announced a two-week ceasefire, while Energy Aspects founder Amrita Sen highlights tanker flows in and out of the Strait of Hormuz. Sen warns the global oil market is likely to see further demand destruction, implying downside pressure on crude prices and negative implications for oil-sector exposure in the near term.

Analysis

The US and Iran announced a two-week ceasefire, while Energy Aspects founder Amrita Sen highlights tanker flows in and out of the Strait of Hormuz. Sen warns the global oil market is likely to see further demand destruction, implying downside pressure on crude prices and negative implications for oil-sector exposure in the near term.

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