Flux Markets | You get a blockade, and you get a blockade! Everyone gets a BLOCKADE! Skip to main content

You get a blockade, and you get a blockade! Everyone gets a BLOCKADE!

The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news....
Published: April 23, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
16 page report
Share

The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news: the Strait of Hormuz remains effectively shut and blockaded by Iran AND the US. Therefore, the global oil deficit will continue to be accumulate....

Premium Content

To continue reading this page, please login or find our about our subscription options.

Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Martha Dowding

Research Associate, Flux
Martha Dowding

Vincent Wu

Research Associate, Flux
Vincent Wu

More News

Brent spreads slip into contango as tankers flow via the Strait of Hormuz

The Aug'26 Brent futures contract weakened from $75.55/bbl at noon this afternoon to $73.30/bbl at 15:08 BST....

Temps up, Oil’s down

With extremely high temperatures in Europe, we could see refinery issues, particularly with the vulnerable FCC unit - supporting EBOB...
6 reports

Brent Eases, Qatar to Resume Normal LNG Production

Brent slips below $76 as Oman keeps Hormuz open, Qatar eyes LNG restart, Russia weighs refining mandate, and flows gradually resume.

Hedge Fund Net Shorts on Brent Up to $18Bn, Trump Announces Nuclear Loans

Fed hike odds rise, stocks slide, dollar surges. Micron leads AI rally as nuclear investment and housing show strength.