Oil Heads for Fourth Straight Weekly Loss as Hormuz Traffic Recovers
Returning traffic through the Strait of Hormuz, the waterway crucial for Gulf oil and LNG shipments, kept crude on course for a fourth straight weekly loss Friday, with Saudi Arabia's crude exports back near pre-war levels. Maritime risk consultancy Marisks said 335 vessels transited the strait last week, and up to 215 passages were expected to have been completed by the end of Friday, putting this week on course for a similar total but still below the pre-war pace of about 100 commercial transits a day.
Ship data also showed what appeared to be the first visible Qatari LNG tanker passage in about a week, though the vessel later stopped transmitting and it was unclear whether it kept heading for the strait. Energy analyst John Kemp said the rebound in exports had pushed Brent's six-month calendar spread into a small contango for the first time since October 2025, at about 18 cents a barrel versus backwardation of as much as $37 at the end of March, while Marisks cautioned that international merchant shipping was still returning more slowly than local and regional traffic.
From the sources (25 posts)
@staunovoRT @LiveSquawk: Oman Proposes Hormuz Shipping Fee Plan To US And Allies – @nytimes
@rory_johnstonNYT: "Iran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American objections, according to an Iranian official and four diplomats with knowledge of the matter
@osint613A proposal floated after the U.S.-Iran war would change how the Strait of Hormuz operates. Under the Omani plan, ships using the strait would pay service fees, with Iran and Oman jointly managing the arrangement. Oman says the payments woul
@clashreportOman Proposes Joint Plan with Iran to Collect Fees in Strait of Hormuz Despite objections, Oman submitted a formal proposal to the U.S. and Western allies to collect maritime service fees from vessels passing through the Strait of Hormuz a
@oilheadlinenewsNYT: Iran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American objections, according to an Iranian official and four diplomats with knowledge of the matter.
@trtworldIran says it will respond to any US violation of the memorandum of understanding aimed at ending the war, warning that repeated breaches would make the peace process difficult Follow our live coverage👇
@staunovoIran says it will respond ‘decisively’ to any US violation of memorandum of understanding
@oilheadlinenewsIran says it will respond ‘decisively’ to any US violation of memorandum of understanding
@osinttechnicalIran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz -NYT The payments would not be labeled a toll, but modeled off the Singapore “voluntary contributions for safe navigation.
@oilheadlinenewsIRAN POWER STRUGGLE THREATENS U.S. PEACE TALKS
@polymarketJUST IN: A power struggle inside Iran is reportedly threatening U.S. peace talks, with civilian officials seeking frozen assets while hardliners push for control of the Strait of Hormuz.
@iranintl_enAccording to the report, Oman has submitted a formal proposal to the United States and other Western allies under which shipping companies would pay service fees to use the strait. A person familiar with the US position told the newspaper
@ajenewsIran says it will hold indirect talks on the US-Iran deal with mediator Qatar, to discuss implementing its Memorandum of Understanding with the US, and the release of frozen Iranian assets.
@insidergeoNEW | Iran and Oman are reportedly moving forward with plans to collect payments from ships transiting the Strait of Hormuz. The payments would not formally be described as a toll. The proposal is reportedly modeled on the Straits of Malac
@insidergeoNEW | Iran’s Foreign Ministry has confirmed that Tehran will participate in a meeting in Doha tomorrow, focused on the release of frozen Iranian funds. The statement partly clarifies the conflicting reports surrounding the talks: Iran is c
@laurnormanPeople have lost sight of a fundamental elemental fact. The United States has given Iran oil sanctions relief. Iran has not sat down with U.S. for talks for days. And says the next ones will be back to indirect talks. These are the fa
@iranintl_enTalks in Doha will focus primarily on the release of Iran’s frozen funds and a ceasefire in Lebanon, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Tuesday. Baghaei said Iran had no plans to hold talks with the United States
@ajenglishUS President Donald Trump has claimed that American negotiators will hold talks with Iran in the Qatari capital, Doha, on Tuesday after days of tit-for-tat attacks, but Tehran has denied any planned meeting with the United States https://t.
@ajenewsUPDATE: IMO chief says Hormuz tolls illegal, suggests voluntary fund as alternative 🔴 LIVE updates:
@iranintl_enQatar’s Foreign Ministry said in a statement Tuesday that technical talks between Iran and the United States were continuing directly and indirectly despite recent escalation in the Strait of Hormuz, but there were no current high-level mee
@menchosintInteresting development, now even UN's International Maritime Organization (IMO) seem to agree with Hormuz fee, if it's in form of a voluntary fund, same as with the Strait of Malacca in 2007.
@ajenglishArsenio Dominguez, secretary-general of the International Maritime Organization, says mandatory tolls or any system that undermines free navigation through international waterways would be illegal under international law. 🔴 LIVE updates: h
@hfi_researchRT @Osint613: WSJ: A power struggle inside Tehran is jeopardizing U.S.-Iran peace talks. Moderates are pushing to free up billions held in…
@financialjuiceIran's Parliament Speaker Ghalibaf: Iran will not enter further negotiations until conditions in the MOU are met.
@firstsquawkIRAN'S TOP NEGOTIATOR QALIBAF: IRAN WILL NOT ENTER FURTHER NEGOTIATIONS UNTIL MOU CONDITIONS ARE FULFILLED