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US State Department is to prepared to issue a order departure at US embassies in the Gulf

Crude oil has moved back to the upside amid renewed concerns about a possible resumption of hostilities in the Middle East. According to a Reuters report citing U.S. officials, the State Department is preparing to order the departure of some personnel and family members from U.S. embassies across the Gulf. The preparations reflect concerns about renewed hostilities, particularly involving the…

CommodityOilPrice.com

Russia’s Northern Sea Route Workaround Supplying Asian Buyers

Asia-bound Russian crude and fuel supplies are being rerouted as the US-Israeli war on Iran and disruptions in the straits of Hormuz and Bab al-Mandab choke off traditional crude flows from the Persian Gulf. Indeed, Russia increased oil and LNG shipments via the Northern Sea Route (NSR) and utilized shadow fleets to bypass chokepoints and fulfill Asian demand. Reuters reports that Russia’s oil…

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