Blockade held: Persian Gulf oil is shut in through the strait, and the war premium holds.
loads: UAE · Saudi-linked
tanker attacks (Aug)
naval blockade held
inventories draw
war premium
holds / extends
Hormuz transit capped
blockade · tanker attacks
ME crude shut in
inventories drawing
OPEC+ sidelined
shipping sets price
De-escalation
premium unwinds
Escalation
premium holds / extends