Oil edges higher as flows through Hormuz recover after a period of supply disruption

🛢️ Crude oil prices edged slightly higher after the previous decline, as the market continued to assess the pace of the Strait of Hormuz reopening and the durability of the easing in U.S.-Iran tensions.
🚢 Oil flows through Hormuz are recovering quickly, with around 12.5 million barrels passing through in the latest 24-hour period, the highest level since the conflict began. The return of Saudi supertankers also suggests that supply from the Gulf is gradually being released back into the market.
📉 In the short term, this is a positive signal for global supply and could keep pressure on oil prices if tanker traffic becomes more stable in the coming days. However, prices had already priced in much of the geopolitical risk easing, so the current reaction looks more cautious than aggressive.
⚠️ Still, normalization may not happen immediately due to insurance issues, maritime security risks and vessel backlogs. Geopolitical risks in the Middle East remain present, making it difficult for the market to fully remove the risk premium from oil prices.
🌍 If flows through Hormuz continue to improve, energy-driven inflation pressure could ease further and support risk sentiment. On the other hand, any new disruption in the region could still trigger a rebound in crude prices.
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