A wave of Middle Eastern crude is making its way to US shores, offering some respite to a market squeezed by wartime demand for American exports. At least 9 million barrels from the region are set to arrive at US ports throughout August, data from maritime intelligence firm Kpler show. That’s a big spike, but still only about half of the average level from before the start of the conflict. The influx includes barrels released after the US and Iran agreed to a now collapsed ceasefire in June, allowing supplies to gush through the Strait of Hormuz for several weeks. They are also made up of shipments from the so-called shuttle-trade, which has helped Middle Eastern producers move barrels through the vital energy chokepoint even as it remained largely blocked. #oott bloomberg.com/news/articles/…

A wave of Middle Eastern crude is making its way to US shores, offering some respite to a market squeezed by wartime demand for American exports. At least 9 million barrels from the region are set to arrive at US ports throughout August, data from maritime intelligence firm Kpler show. That’s a big spike, but still only about half of the average level from before the start of the conflict. The influx includes barrels released after the US and Iran agreed to a now collapsed ceasefire in June, allowing supplies to gush through the Strait of Hormuz for several weeks. They are also made up of shipments from the so-called shuttle-trade, which has helped Middle Eastern producers move barrels through the vital energy chokepoint even as it remained largely blocked. #oott bloomberg.com/news/articles/…

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