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With US-Iran negotiations dragging on and inventory levels piling up, who will succumb to this "war of attrition" in the oil market first? Keep an eye on these six signals to understand the "remaining time" for price stabilization and inventory level

2026-06-12

With US-Iran negotiations dragging on and inventory levels piling up, who will succumb to this "war of attrition" in the oil market first? Keep an eye on these six signals to understand the "remaining time" for price stabilization and inventory levels. Click to see a detailed breakdown.

Other News
2026-06-12

UK-based maritime analytics firm Windward said satellite and other data show a small number of vessels were still transiting the Strait of Hormuz. Windward’s multi-source analysis showed that at UTC 02:10 on the 11th (Beijing 10:10) three vessels wer

UK-based maritime analytics firm Windward said satellite and other data show a small number of vessels were still transiting the Strait of Hormuz. Windward’s multi-source analysis showed that at UTC 02:10 on the 11th (Beijing 10:10) three vessels were in the deep-water channel with AIS switched off; two were heading northwest and one north. Public AIS records showed five transits on the 10th–11th: four coastal vessels under 80m exited the Persian Gulf and one general cargo vessel entered the Gulf. Iran’s Persian Gulf Strait Administration said the strait was temporarily closed citing tensions caused by US military activity, and Iran’s armed forces warned violators would be targeted. US Central Command later said the strait remained open to navigation.
2026-06-11

India’s Ministry of External Affairs said it expects the US to give full weight to India’s protest over an attack on a vessel carrying Indian crew.

India’s Ministry of External Affairs said it expects the US to give full weight to India’s protest over an attack on a vessel carrying Indian crew.
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