Oil rises above US$100 as The Economist questions Hormuz traffic normalisation
The Economist has questioned whether maritime traffic through the Strait of Hormuz is back to normal as oil prices are reported to have climbed above US$100 a barrel.
The Economist has raised doubts about whether traffic through the Strait of Hormuz has returned to normal, as oil prices are reported to have risen above US$100 a barrel.
In a report published on Wednesday, the publication said America would like the world to believe that traffic through the major oil-shipping route has normalised.
The claim about the United States’ position is The Economist’s characterisation. The supplied material does not establish whether Washington is actively seeking to shape perceptions of shipping activity.
The report does not provide traffic volumes, details of any disruption, an oil-price benchmark or the exact price and timing of the reported rise.
The available information therefore indicates that the return to normality is being questioned, rather than establishing that traffic through the strait is disrupted.
