EnergyHighReportedAccelerating
9.0
Dated Brent tops $120 as physical squeeze diverges from ICE futures
OilPrice.com·CN · IR · AE·about 7 hours ago
Middle East oil exports have rebounded to near pre-Iran-war levels, driven by US military assistance, shuttle tanker operations, and pipeline routes that bypass the Strait of Hormuz. The recovery suggests supply disruptions from the conflict have been largely mitigated, though reliance on military protection and alternative logistics remains a vulnerability.
Locations
Entities