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Empty oil tankers are diverting to the US as Middle East supply disruptions persist. The WTI Crude Oil market for April 2026 sits at ? YES, while crude hitting $90 by June remains uncertain.
Over 100 tankers heading to US ports reflects the scale of supply disruptions caused by the US-Iran conflict. The WTI Crude Oil April market prices in a significant increase, with traders watching whether crude hits $160. The June market prices the potential for $90 crude by June, factoring in the ongoing blockade of the Strait of Hormuz.
The US escorts through Hormuz market sits at 3.8% YES with little recent movement. The market is skeptical about any imminent US naval intervention to escort tankers through the strait.
Tighter global oil supply points toward sustained high prices, with the market expecting further disruptions. At current levels, traders are betting on continued elevated oil prices tied to geopolitical tensions. Buying YES at current prices could offer substantial returns if these disruptions persist.
Watch for EIA and OPEC+ updates on production adjustments, and any diplomatic moves that could ease tensions around the Strait of Hormuz.
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