Rory Johnston: Crude markets ease as economic disappointment and higher Hormuz transits persist

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Yaroslav Dmytrenko

28.08.2026

Rory Johnston: Crude markets ease as economic disappointment and higher Hormuz transits persist — Crude markets fall amid economic miss

Rory Johnston reports that crude oil markets have pulled back following disappointment around a key economic event, while vessel traffic through the Hormuz Strait continues to climb.

At the same time, Johnston highlights worsening scarcity in road fuels and notes that the U.S. has intensified its involvement in Venezuela's oil sector.

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Johnston previously noted that the U.S. was close to striking a major deal for Venezuelan oil fields, raising questions about the impact on global supply (/news/market-voices/show/3134697-us-venezuela-oil-fields/). Earlier this year, he reported that the U.S. diesel crack spread had reached $89 per barrel, making diesel twice the price of Brent crude (/news/market-voices/show/2994184-diesel-crack-spread-doubles/). These developments contribute to ongoing monitoring of fuel scarcity and U.S. market moves.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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