Economy · World
Middle East Oil Flows Continue Despite Strait of Hormuz Slowdown
Oil prices are being kept in check by covert flows of crude through the Middle East, despite a slowdown in traffic through the Strait of Hormuz. This trade involves ferrying oil undetected to tankers in the Gulf of Oman and is reportedly running at full tilt. Recent attacks on vessels have not halted this activity. While tensions between Iran and the US linger, and peace talks stall, oil prices have held steady, with Brent crude near $89. Some reports suggest India may send its own ships, and that Gulf countries have accepted a new normal with Iran in control of the Strait.
How outlets across the spectrum covered it
L 0 C 13 R 3
- Centre (13 votes, 16 outlets): Associated Press, Bloomberg, Business Standard, Deccan Herald, Fortune, Gulf News, Hindustan (Hindi) · Mint (HT Media — 1 vote), Navbharat Times · The Economic Times · The Times of India (Times Group — 1 vote), Reuters, The Globe and Mail, The Hindu BusinessLine, The Japan Times, The Wall Street Journal
- Right (3): Punjab Kesari, Times Now, Zee News (Hindi)