7 Days
Source:
New York Post
Oil stability despite Iran shipments
Oil markets experienced volatility following Iran's release of approximately 20 million barrels of crude from its Chabahar port, after an interim agreement temporarily eased restrictions and reopened the Strait of Hormuz. Despite the increased supply and resumed shipping lanes, oil prices did not spike as many analysts expected, largely due to a significant decline in Chinese crude imports, which fell nearly 40% below the 2025 average. This drop in Chinese demand offset potential supply shocks, with Brent crude trading around $80.50 a barrel, while market concerns about the durability of the diplomatic framework and ongoing tensions remain.
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