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Fitch says additional supply from higher Strait of Hormuz shipments in June is sufficient to offset the impact of an extra two months of disruption. Fitch expects Middle East output to recover rapidly once hostilities ease. Ample global inventories a

2026-08-07

Fitch says additional supply from higher Strait of Hormuz shipments in June is sufficient to offset the impact of an extra two months of disruption. Fitch expects Middle East output to recover rapidly once hostilities ease. Ample global inventories and robust non-OPEC supply are exerting downward pressure on oil prices.

Other News
2026-08-06

At least four people have been injured in a new Israeli attack on southern Lebanon, according to reports.

At least four people have been injured in a new Israeli attack on southern Lebanon, according to reports.
2026-08-06

The US June wholesale sales month-on-month rate and the July global supply chain stress index will be released in ten minutes.

The US June wholesale sales month-on-month rate and the July global supply chain stress index will be released in ten minutes.
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