SUPPLY RISKS INTENSIFIED AFTER SAUDI ARABIA REPORTED FRESH HOSTILE THREATS AND TANKER ATTACKS ESCALATED IN THE STRAIT OF HORMUZ, FORCING SOME EMPTY SUPERTANKERS TO TURN AWAY FROM THE PERSIAN GULF AND POTENTIALLY DELAYING CRUDE SHIPMENTS, WITH DIESEL SUPPLIES PARTICULARLY TIGHT AS RUSSIA’S REPEATED REFINERY DISRUPTIONS AND ATTACKS ON RED SEA EXPORT INFRASTRUCTURE ADDED TO MARKET CONCERNS.
(@FirstSquaw)