Chevron CEO - 'Hormuz Blockade Not Fully Reflected in Oil Prices'

Chevron CEO Mike Wirth warns crude oil futures fail to capture full impact of Hormuz Strait closure, citing physical supply constraints far tighter than market pricing suggests amid Iran conflict escalation

WTI Rises in Asian Trading Amid US-Iran Negotiation Uncertainty

WTI crude prices rose 1.2% to $89.19 in Asian trading as uncertainty over US-Iran negotiations intensified after Iran denied Trump's claims of productive dialogue, reversing overnight losses that had pushed prices down to $84 following the postponement of planned strikes on Iranian facilities.

Fitch - Brent Crude to Average $120 on Six-Month Hormuz Closure, Peak at $170

Fitch Ratings warns Brent crude could average $120 per barrel this year if Strait of Hormuz remains blocked for six months, with peak prices reaching $130-170 before declining to $90 by year-end, representing 71% increase from baseline $70 forecast amid potential demand destruction of 5.5%

KOGAS Says Qatari LNG Accounts for Just 14% of Imports, Alternative Sources Available Amid Supply Disruption Concerns

Korea Gas Corp. reassures markets that Qatari LNG represents only 14% of total imports with alternative sources available, as Qatar Energy warns of potential force majeure declarations on long-term contracts following attacks on major facilities amid Middle East tensions

IEA calls Middle East oil shock "the largest supply disruption in the history of the global oil market.”" | Newsbase

[Iran Strike] Some Oil Tankers Plan Passage Through Strait of Hormuz—Ministry of Trade Conducts Emergency Review

South Korea’s Ministry of Trade, Industry and Energy has launched an emergency response, reviewing oil and gas supply risks after the U.S. strike on Israel, with tankers set to transit the Strait of Hormuz and sufficient reserves in place to manage potential disruptions.

[New York Oil Price]WTI Edges Down 0.1% as US-Venezuela Tensions Pause Rally

WTI crude prices ended a five-day rally, slipping 0.1% as US-Venezuela tensions fueled supply concerns but were offset by renewed global oversupply worries.