Analysis: Global — 28 August 2026
Iran War Stalemate and Oil Market Pressures Six months into the US-Israeli conflict with Iran, the Strait of Hormuz remains contested. Bloomberg traders report 7-8 million barrels per day now exiting, up from mid-July lows and roughly three-quarters of pre-war levels, aided by ship-to-ship transfers in the Gulf of Oman and pipeline diversions by Saudi … Read more