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    GLOBAL OIL FLOWS

    US-Iran war: An Iraqi captain keeps sailing despite the threat of attack amid regional war

    Oil tankers face danger in tense waters between the Gulf of Oman and Strait of Hormuz. Iraqi Captain Rahman Al-Jubouri works on the Sea Moon, a Palau-flagged vessel. He has experienced attacks and crew members have left due to fear. The ongoing conflict disrupts global trade and poses risks to maritime operations.

    US Stock Market: Goldman sticks to oil forecast as demand weakness deepens

    Goldman Sachs maintained its 2026 oil price forecasts despite shifting dynamics, as weaker global demand and easing supply disruptions offset key risks. While geopolitical tensions are receding, soft consumption trends and potential supply recovery are increasing downside risks, suggesting a cautious outlook for crude prices even as markets stabilise in the near term.

    Oil Price Today (April 20): Crude oil jumps 6%, nears $100 again despite ceasefire hopes. What’s happening?

    Oil prices surged over 6% on Monday. Tensions flared around the Strait of Hormuz after the U.S. and Iran traded accusations of ship targeting. President Trump stated American forces seized an Iranian cargo ship. Iran responded by refusing further peace talks. The conflict has disrupted global oil flows. Experts predict continued price volatility and structurally higher prices.

    US made 7 claims in one hour but 'all false', says Iran; warns access to Hormuz hinges on Tehran’s terms

    Iran has asserted that maritime movement through the Strait of Hormuz will be strictly controlled by Tehran, stating that passage will be allowed only through designated routes and under Iranian approval, amid escalating tensions with the United States over regional security and negotiations.

    How 50 days of the Iran war led to the loss of $50 billion worth of oil

    Global oil markets have lost over 500 million barrels since the Iran conflict began, worth nearly $50 billion. Supply disruptions across the Gulf have tightened inventories and hit exports sharply. Despite partial ceasefire signals and Strait of Hormuz reopening, analysts expect recovery to be slow, with lasting energy market shocks.

    Asia relying on US crude to replace Middle East supply

    Asian fuel makers are turning to US crude oil. This shift is driven by disruptions in Middle Eastern supply. Countries like Japan and South Korea are buying more American oil. This is impacting global oil flows. The situation threatens to cause fuel shortages. US oil exports are reaching record levels. This trend is expected to continue.

    The Economic Times
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