• 8 May 2026
  • Market: Crude, LPG / NGLs, Oil Products

Although the ceasefire technically remains in place, this week saw a brief exchange of fire in and around the strait of Hormuz. This video insight explores the reasons behind the flare up, the outcome of Washington's short-lived 'Project Freedom', Tehran’s formal establishment of the Persian Gulf Strait Authority, and the implications for international shipping and the ongoing negotiations. It also examines the latest ceasefire proposals and the broader impact of the war and the continued disruption of shipping through the strait on Mideast Gulf economies.

Join Tom Reed, VP – China, Crude & Oil Products, alongside Dubai-based experts Nader Itayim, Middle East Editor, and Bachar Halabi, Senior Correspondent, for this exclusive discussion.

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