Iran's ambassador in London said Tehran will establish a temporary maritime security corridor in the Strait of Hormuz and has formally notified the International Maritime Organization. He accused the United States of violating a ceasefire understanding and directing vessels onto a hazardous parallel route, threatening security of the strategic waterway.

Rising Middle East tensions have increased the risk of further jet-fuel supply disruption, leaving Europe particularly exposed. Energy Aspects (June 18) estimates Europe faces a Q3 jet-fuel shortfall of about 600,000 b/d, while the US and Asia show surpluses of roughly 116,000 b/d and 425,000 b/d respectively. European jet inventories were about 38 mln barrels in early June — Reuters calculations indicate under 30 days of demand, the tightest among major markets. An IEA monthly report (end-May) shows jet inventories prelim +10% YoY and refinery output +30%, but Europe’s available buffer remains roughly one month. Energy analyst Janiv Shah expects market tightness to persist through August.

現貨白銀日內跌超2.00%，現報58.65美元/盎司。