Commodities
Hormuz crude flows near 76% of prewar levels, diesel shortage persists
Crude oil flows through the Strait of Hormuz have recovered to about 76% of prewar levels, but a diesel shortage persists.
GasBuddy analyst Patrick De Haan said Trump's red diesel order is unlikely to cut most pump prices.
For beginners The Strait of Hormuz is a key route for Middle East oil shipments, so disruptions or recoveries in flows through it directly affect global oil supply and fuel prices.