United States — Energy Information Administration & Oman Shipping Company

United States — Energy Information Administration: The United States — Energy Information Administration>>> provides data on U.S. crude oil inventories and strategic petroleum reserve drawdowns, which are key indicators for oil market participants.

Oman Shipping Company: Oman Shipping Company, a major shipping group, reported one of its vessels was struck in Iraq's Umm Qasr port, highlighting the direct impact of the conflict on global shipping.

United States — Energy Information Administration: The United States — Energy Information Administration (EIA) reported a significant fall in U.S. crude inventories, providing data that reflects the impact of the conflict on oil supplies.

Oman Shipping Company: Oman Shipping Company, a major shipping group, had one of its vessels struck in Iraq's Umm Qasr port, highlighting the direct impact of the conflict on global shipping and trade. This incident underscores the risks faced by commercial maritime traffic in the region.

United States — Energy Information Administration: The United States — Energy Information Administration highlighted that most oil volumes transiting the Strait of Hormuz have no alternative exit routes, underscoring the strait's critical importance.

Oman Shipping Company: MSC, an ocean carrier, has suspended operations in the Strait of Hormuz due to the conflict, affecting its shipping routes and global trade.

United States — Energy Information Administration: The United States — Energy Information Administration provides data on the components of gasoline prices, illustrating how crude oil costs are the main driver.

Oman Shipping Company: MSC, a container carrier, has shifted some increased fuel costs to customers through surcharges.