Kazem Gharibabadi & PVM Oil Associates

Kazem Gharibabadi: Kazem Gharibabadi, Iran's Deputy Foreign Minister, has communicated Iran's demands for a peace proposal, including the lifting of sanctions and release of frozen funds.

PVM Oil Associates: PVM Oil Associates analyst Tamás Varga commented on the market being headline-driven and global oil inventories depleting due to slow flows via the Strait of Hormuz.

Kazem Gharibabadi: Iran's deputy foreign minister stated the US blockade dismantled the Islamabad peace deal.

PVM Oil Associates: PVM Oil Associates analyst assessed the impact of Trump's proposed toll on oil markets.

Kazem Gharibabadi: Kazem Gharibabadi, Iran's deputy foreign minister, restated Tehran's claims to sovereignty over the Strait of Hormuz, citing international law and justifying potential 'practical and proportionate measures' to protect security.

PVM Oil Associates: PVM Oil Associates>>> analyst Tamas Varga commented on the increasing number of vessels filtering through the Strait of Hormuz, impacting sentiment more than the actual oil balance.