{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Energy Markets Daily","title":"Week 29 Opens: Live Updates Resume","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/39fbf4c6\"></iframe>","width":"100%","height":180,"duration":195,"description":"Monday, July 20, 2026. WEEK 29 OPENS. Twenty-nine weeks running. The decoupling thesis continues to deliver. CRUDE OIL UPDATE: WTI crude oil surging. Front-month futures Aug 2026 CLQ6 ~$82.47 (up $3.52 or +4.46%). Sep 2026 CLU6 ~$81.77-$83.42 (up ~$3.50 or +4.46% range). Recent session gains ~$81.78 (up $3.50 or +4.47%) on Jul 17; extended to ~$82.49-$84.21 by Jul 19. Intraday/recent trading range highs near $85.39, lows ~$83.61; prices $84.20-$84.64 in late Jul 19 updates (+~2%). Weekly performance notable gains; strongest weekly advance in months; prices back above $80. PRIMARY DRIVER: Escalating U.S.-Iran hostilities; attacks impacting tanker traffic in Strait of Hormuz; supply disruption fears. MARKET CONTEXT: Oil prices rose on renewed geopolitical risk premium; Brent also seeing strength (levels above $90). STRAIT OF HORMUZ STATUS: Normal capacity ~20M bbl/d (~20% of global seaborne crude/condensate trade; ~25% of world seaborne oil trade). RECENT DISRUPTIONS: Renewed U.S.-Iran hostilities in July slowed shipments again after partial post-ceasefire recovery. Traffic levels only 11 vessels transited Jul 12 (lowest since mid-June); traffic \"throttled\" or at a \"crawl\". IRAN'S POSITION: Declared strait an \"unbreakable red line\"; warned against U.S. interference; threatened \"long and painful strikes\" or destruction of regional infrastructure if attacks resume. SHIPPING RESPONSES: Major operators (Maersk, Hapag-Lloyd) and oil majors suspended/halted transits earlier; some activity restarted post-June MOU/ceasefire but faces renewed caution. PARTIAL RECOVERY POST-JUNE: U.S.-Iran MOU/ceasefire around mid-June enabled some resumption (e.g., Saudi shipments ~34M barrels since Jun 17); flows remain well below pre-crisis levels. IMPACT ON GULF CRUDE EXPORTS: Exports jumped in July amid efforts to clear inventories; shipments slowed due to renewed hostilities; risk premiums on Gulf grades risen. HISTORICAL CONTEXT: Pre-crisis (1H 2025) averages ~20.9M bbl/d total oil...","thumbnail_url":"https://img.transistorcdn.com/U36G3q8LRcUNVnqsKxxoyD29VrpCUp_hS1pTIecj8QA/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kNzMw/ZTFlZDQ2NTZmYTAw/YzVkZDJiYzQyNTQw/ODQ5MS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}