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Posted 4 hours ago
3 Supertankers Carry 6M Barrels Through Strait of Hormuz
Three Saudi-flagged supertankers managed by Bahri transited the Strait of Hormuz carrying 6 million barrels of oil, following a U.S.-Iran deal to reopen the waterway. A total of 19 vessels passed through across Tuesday and Wednesday, signaling restored flow of Gulf oil exports.
Reopened Hormuz shipping lanes ease oil supply fears, pressuring safe-haven currencies like USD and JPY while supporting risk-sensitive pairs such as AUD/USD and USD/CAD. Oil-linked CAD may strengthen as supply normalizes, and EUR/USD could see modest shifts if energy relief reduces inflation pressure in Europe.
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