Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Oil markets edged lower today as shipping resumes through contested Middle Eastern straits, according to Channel NewsAsia. The recovery in maritime traffic appears to outweigh concerns from a reported vessel incident near Oman, suggesting traders are prioritizing restored supply flows over geopolitical risk factors.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton