Oil Prices Caught Between Recovering Flows and Hormuz Risk

Brent crude oil prices rebounded almost 4% in a single session as hopes for U.S. and Iran talks on reopening the Strait of Hormuz faded. Bruno Santos, StoneX Brazil, Market Intelligence Analyst, explains why recovering Gulf supply flows and unresolved Hormuz diplomacy are pulling oil prices in opposite directions. Saudi Arabia sent more crude through the Strait of Hormuz after attacks disrupted its East-West pipeline, while Iraq and the United Arab Emirates also lifted exports. In the U.S., crude inventories rose as refinery runs fell, yet gasoline and diesel inventories kept declining, fueling debate over possible limits on diesel exports. 0:00 Oil Prices Ride Hormuz Hopes 2:51 Brent Rebounds as Iran Digs In 3:52 Saudi Oil Detours Via Hormuz 5:21 U.S. Crude Build, Diesel Pinch 6:59 Diesel Export Ban Fears Swirl 7:30 Flows Versus the Risk Premium Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_bruno_santos&utm_content=share Like and subscribe for more financial market insights. #CrudeOil #StoneX #BrunoSantos #StraitOfHormuz