International Energy Agency & Vitol

International Energy Agency: The International Energy Agency's head of oil, Toril Bosoni, offered an estimate for the Strait of Hormuz recovery, providing a benchmark against Kuwait's more optimistic outlook.

Vitol: Vitol Bahrain's head of research, Bader Nooruddin, provided a forecast for Gulf refineries' ramp-up capacity, aligning with the broader industry's outlook on recovery.

International Energy Agency: The International Energy Agency warned that global oil inventories could hit critical levels, adding to bullish sentiment in the oil market. Its warnings influence market expectations regarding supply.

Vitol: Tom Baker, a managing director for Bahrain for global commodities trader Vitol, stated that the global oil market was underpricing some risks from the Iran war. This highlights the company's perspective on market risks.

International Energy Agency: The International Energy Agency has warned about the severe global energy shock caused by the conflict, highlighting the potential for the market to enter a 'red zone' due to summer fuel demand and lack of Middle East supply.

Vitol: Vitol Group was represented in a meeting with Donald Trump to discuss ways to maintain the blockade while minimizing impact on American consumers.