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Shipowners offer significant wage premiums to incentivize Persian Gulf oil transit
RzeczpospolitaLO·AE · SA · IR·about 2 hours ago
US crude oil reserves, including the Strategic Petroleum Reserve, have declined to 43 days of supply, significantly below the 65-day long-term average. This represents the lowest inventory level since the early 1980s, highlighting a tightening of domestic energy buffers.
The US and Iran are engaged in direct kinetic exchanges, with the US conducting sustained strikes against Iranian targets and Iran retaliating with missile attacks on US forces. Maritime hostilities persist in the Red Sea despite diplomatic efforts, indicating a disconnect between rhetoric and operational posture. Brent crude prices have surpassed $95, reflecting increased geopolitical risk premiums.