2026-04-21 02:36:06 pm | Source: ANI
Russian crude helps cap global oil prices amid supply disruption, says International Oil Analyst
On volatility in the oil market, June Goh, Senior Oil Market Analyst, Sparta Commodities, said, “The situation is very volatile. It is the 7th week now, when the Strait of Hormuz is effectively closed. Over the weekend, when Trump announced Hormuz was open, there was some movement of vessels, but very quickly saw reports of firing on vessels, including Indian. This morning, we got information that the US Navy attacked an Iran-flagged container ship, which jeopardises the ceasefire, which was hanging by a thread.”
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