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S04 Ep41 Energy Market Update: Crude oil flows remain resilient despite Gulf risk
06 July 2026

S04 Ep41 Energy Market Update: Crude oil flows remain resilient despite Gulf risk

Investec

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Brent traded near $70/b last week, reflecting confidence that oil will keep moving out of the Persian Gulf despite continuing risks around the Strait of Hormuz. Some operators are using shuttle runs to maintain crude flows.



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