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Strait Of Hormuz

2 stories on Strait Of Hormuz, newest first.

2 min read6 sourcesBearish

OPEC+ Raises August Output Targets; Oil Prices Fall on Supply Concerns

OPEC+ approved a cumulative production increase of 940,000 barrels per day starting in August, part of an ongoing strategy to boost output. Oil prices fell on the news as markets absorbed the additional supply coming online, alongside recovering exports through the Strait of Hormuz from key producers.

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2 min read2 sourcesBullish

Shell forecasts 65% surge in global LNG demand by 2050, but disruptions stall 2026 growth

Shell projects global liquefied natural gas (LNG) demand will jump 65% from 2025 to 2050, driven by rising consumption in Asia. But the forecast is tempered by near-term headwinds: a Middle East conflict has disrupted shipping through the Strait of Hormuz and blocked about a fifth of current global LNG supply, pushing up spot prices and stalling expected 2026 growth.

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