360 Energy Pulse: What mattered in energy this week

(By Oil & Gas 360) – Energy markets continued shifting from crisis pricing toward normalization this week, but the transition remains uneven. Oil prices weakened as Hormuz flows improved and Saudi Arabia prepared to cut prices, yet shipping uncertainty, strategic reserve building, and new attacks kept risk alive. The market is no longer pricing full disruption, but it is not pricing full confidence either.

WTI crude fell below $70 for the first time since early March as tanker traffic through the Strait of Hormuz picked up and Saudi Arabia prepared to slash oil prices.

Why it matters: The market is removing some of the war premium, but lower prices also reflect expectations that supply may return faster than demand can absorb.

Tanker traffic through Hormuz resumed after slower flows tied to crossing concerns, but an attack on a ship again raised questions about route reliability. Phillips 66 warned that supply disruptions could linger as shipping uncertainty remains.

Why it matters: Oil may be moving, but confidence in the corridor has not fully recovered.

The Iran war triggered a global race to build oil reserves, while Iraq is reportedly weighing whether to leave OPEC to pum

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/360-energy-pulse-mattered-energy-213036192.html)