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Market news: Oman has warned its European allies that a toll may be levied on ships passing through the Strait of Hormuz.
2026-06-26
Market news: Oman has warned its European allies that a toll may be levied on ships passing through the Strait of Hormuz.
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2026-06-26
Spot silver rose more than 1.00% intraday to $58.42/oz.
Spot silver rose more than 1.00% intraday to $58.42/oz.
2026-06-26
S&P Global Energy said 78 vessels transited the Strait of Hormuz on June 24, the largest single-day passage since hostilities involving the US, Israel and Iran began. This month’s daily average transits have recovered to roughly 57% of pre-conflict l
S&P Global Energy said 78 vessels transited the Strait of Hormuz on June 24, the largest single-day passage since hostilities involving the US, Israel and Iran began. This month’s daily average transits have recovered to roughly 57% of pre-conflict levels. The transit rebound, together with multi-country autumn/winter crude restocking, has driven international tanker freight sharply higher. Domestically the impact is mixed: shipping companies have seen risk premia falls as route tensions ease and higher rates lift earnings, while refiners face margin pressure as rising sea freight increases landed crude costs. Many Chinese refiners are expediting crude replenishment to use the current window.
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