Shipping status: Strait of Hormuz effectively closed

Today’s Daily Energy Markets podcast examined fragile ceasefire dynamics, disrupted oil flows, and market volatility ahead of US-Iran talks. Raad Alkadiri assessed competing US-Iran and Israeli objectives, Michelle Wiese Bockmann detailed halted shipping and insurance constraints in Hormuz, Colby Connelly explored Gulf state concerns and uneven supply recovery, and Nadia Martin Wiggen highlighted market dislocation, rising freight costs, and cautious investor positioning.