Oil flows from Strait of Hormuz rise, prices remain high amid attack risks

Oil: Oil is a globally traded energy commodity used primarily for transportation fuels, heating, and industrial production. In this news, oil refers to crude oil and related energy supplies moving through the Strait of Hormuz, where renewed flows have not fully eased prices because shipping remains exposed to Iranian attacks and refining capacity has been damaged. `json { "Supply": "Crude shipments through the Strait of Hormuz have recovered close to prewar levels, while refined-product flows remain substantially weaker.", "Security": "The risk of an Iranian missile attack has remained high, contributing to sustained elevated oil prices.", "Refining": "Damage to refineries and disruptions at the Hormuz and Bab al-Mandab chokepoints have created a refined-products bottleneck even as crude flows improve." } `