Crude Oil Exports From Hormuz Strait Remain at 40-60% of Pre-Conflict Levels, July 9

According to a report by Yide Futures on July 9, crude oil exports from the Hormuz Strait remain at 40-60 percent of pre-conflict levels, falling short of the normal recovery threshold of 70 percent. The supply disruption has strained global refined product supplies, with refineries in the Middle East and Asia-Pacific regions playing a critical role in maintaining global balance. Yide Futures notes that low valuations and geopolitical volatility may provide short-term support for oil prices following recent sharp declines.
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