Hormuz Closure: Oman Energy Rerouting Impacts WTI at $89.75/bbl Amidst 150-Vessel Backlog
energy-security$89.75/bbl WTI pricing reflects the Hormuz Strait’s operational paralysis. Over 150 vessels are now queued, representing a 2% throughput reduction from normal 20 million bbl/day flows. This infrastructural failure creates a supply vacuum.
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