Oil prices rise and stock prices fall as concerns about attacks in the Strait of Hormuz grow.
Global oil stockpiles are running low, with oil prices rising on Wednesday as refined product flows from Hormuz remain below prewar levels, despite crude exports returning to prewar levels.
- Top oil officials warn global stockpiles are running low.
- Yemen's military stated it removed a pro-Iran group from areas.
- UK Maritime Trade Operations reported nine attacks this month.
- Oil prices increased on Wednesday.
- Refined product flows from Hormuz are just over half of prewar levels or lower at times.
- Stocks decreased amid concerns about Middle East supplies.
- Analysts expect S&P 500 profits to increase by a quarter year-on-year.
Outlets: Doha News, Foreign Policy, Moneyweb, Semafor, The Guardian, The Japan Times
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy