Netherlands International: Disruptions in the Hormuz Strait continue, squeezing and intensifying the supply of spot oil.

Analysts from the Netherlands International Group indicate that due to continued severe disruptions in oil supply through the Strait of Hormuz, the spot oil market is becoming increasingly tight. The company states that even after accounting for factors such as pipeline re-routing and a limited number of oil tankers passing through, there is still a daily interruption of about 13 million barrels of supply, with further risks of loss due to the U.S. blockade. This escalating supply tightness is leading to a significant divergence between the spot market and the paper market. These analysts note that the spot Brent crude oil trading price, reflecting actual goods, is approaching $117 per barrel, with a high premium, while near-month Brent crude oil futures prices remain around $95.