Keep pulling the thread on United States.
United States and Iranian military forces clashed overnight near the Strait of Hormuz.
The United States conducted self-defense strikes in southern Iran late on Monday.
The Strait of Hormuz is essentially closed to maritime traffic due to ongoing military tensions.
Daily ship traffic through the Strait of Hormuz has fallen from 135 vessels to just a handful.
Several liquefied natural gas (LNG) ships have recently passed through the Strait of Hormuz, the first such transits since the conflict began in late February.
Russia is considering limits on the exportation of diesel and other fuels as its refinery run rates have fallen to multi-year lows.
The decline in Russian refinery output is attributed to an escalation in attacks from Ukraine.
A liquefied natural gas tanker belonging to Russia's shadow fleet was attacked and destroyed in the Mediterranean in March, taking it out of service.
Global oil inventories are falling at a record rate, according to bank analysts.
China has implemented regulatory crackdowns on wealth outflows, specifically targeting unlicensed brokerages.
Iran's foreign ministry condemned recent U.S. military strikes as a violation of a ceasefire.
In New York trading, WTI crude oil prices fell by approximately 2.8%.