Vitol Reports Gulf Oil Flow Rise
Oil flows from the Gulf experienced a noticeable increase in September, rising by approximately 81%, as the United States set schedules for the passage of tankers through the Strait of Hormuz, amid escalating tensions between Iran and America. This led to a 5% to 6% increase in the security costs of oil shipments due to the ongoing conflict between Iran and heightened security measures. In Gaza, Israeli attacks resulted in the death of 8 people, including women and children, and left others injured, amidst ongoing military escalation.
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