G7 Releases 100 Million Barrels from Strategic Reserves as Hormuz Disruptions Drive Up Energy and Food Prices
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Hormuz Crisis
DAY 87 · 2h ago
BRIEFING
Intelligence dashboard tracking the 2026 global food and energy security crisis stemming from disruption around the Strait of Hormuz — crude oil and food commodity prices, shipping and insurance rates, import-dependent countries under strain, and policy responses.
$104.32/bbl Sep 25 close (-2.1%), as diplomatic hopes from Iran's seven-day Hormuz plan eased prices before WSJ reported Sep 26 that Trump privately rejected the proposal
Brent Crude
Restarted Sep 22 at a reduced rate after roughly two weeks shut; Aramco targeting a return toward ~4M bpd (4% of global supply), full commercial resumption still estimated to take weeks
Saudi East-West Pipeline
-70% (2.1-2.3M bpd, down from 7.5M bpd Jan-Feb)
Saudi Crude Loadings vs. Pre-Crisis
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