Oil prices climbed sharply on Sept. 14, with both U.S. crude and Brent rising more than 3% to $99.189 a barrel and $104.36 a barrel, respectively. Reuters reported that daily vessel traffic through the Strait of Hormuz fell to single digits on each of the two weekend days, below the 10-day average of 14 ships a day. Vessel-tracking data dated Sept. 14 showed that four ships, including energy-carrying vessels, exited the strait during the two-day period, while 10 cargo ships entered. The figures did not include ships that passed through the Strait of Hormuz with their automatic identification systems switched off. Earlier, U.S. President Donald Trump said Ukraine had agreed to stop attacking Russian energy facilities and that Russia had agreed to do the same. He also said the recent rise in global diesel prices was mainly caused by the Russia-Ukraine war rather than the situation involving Iran.
Oil prices rose more than 3% on Sept. 14, with U.S. crude trading at $99.189 a barrel and Brent crude at $104.36 a barrel, according to a BlockBeats report.
Reuters reported that daily vessel traffic through the Strait of Hormuz fell to single digits on each of the two weekend days, below the 10-day average of 14 ships a day. Vessel-tracking data dated Sept. 14 showed that four ships exited the strait over the weekend, including vessels carrying energy cargoes, while 10 cargo ships entered.
The figures did not include ships that transited the Strait of Hormuz with their automatic identification systems turned off.
Earlier, U.S. President Donald Trump said Ukraine had agreed to stop attacking Russian energy facilities and that Russia had agreed to take the same step. If that arrangement is carried out, attacks by both sides on energy infrastructure could ease. Trump also said the recent rise in global diesel prices was mainly driven by the Russia-Ukraine war, not by the situation involving Iran.
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