Reported by the Editorial Team
Martijn Rats (analyst at Morgan Stanley) notes that the seven-day moving average of the number of oil tankers leaving the Strait of Hormuz has risen to 5.6 per day, with the majority of outgoing vessels now being crude oil tankers.
He highlights that observed outflows of crude oil and petroleum products reached 8 mbbl on 19 June and 6 mbbl on 20 June, representing a significant increase compared with the 1.5–2 mb/d recorded between March and May.
JD Vance stated that Iran would allow nuclear inspectors to return to the country following what he described as a “very, very good” first day of negotiations (CBS). Meanwhile, Israel is reportedly considering announcing “symbolic” withdrawals from occupied territory in southern Lebanon as part of the upcoming talks (CNN). The Qatari authorities attributed Sunday’s explosion at the Ras Laffan industrial complex to a technical accident during operations to restart the facility (WSJ).
