WTI Jumps >3% to ~$105.46 as Strait of Hormuz Reports Signal Near Standstill in Corridor That Typically Moves ~20MM Barrels/Day

WTI moved >3% to ~$105.46 Recent public reports citing vessel-tracking data indicate Hormuz traffic is near a standstillEIA analysis indicates ~20MM bpd typically transits Hormuz in recent years HOUSTON,