Commercial Signals April 29, 2026
GEOPOLITICAL & SUPPLY DISRUPTION SIGNALS
Hormuz traffic averaged seven ships daily. Reuters reported at least six ships crossed in 24 hours, mainly through Iranian waters, versus 125–140 daily passages before the Iran war began February 28. Read This: Reuters
Trump prepared extended Iran blockade. U.S. officials cited by Reuters said Trump instructed aides to prepare an extended blockade of Iran’s ports; Brent rose nearly 3% to a one-month high. Read This: Reuters
EU warned Iran crisis may last years. European Commission estimated 60 days of conflict added $31.6 billion to the EU fossil-fuel import bill without additional energy. Read This: OilPrice.com
Russia reflagged four LNG carriers. Kosmos, Luch, Orion, and Merkuriy are moving north toward Arctic logistics, with Luch signaling Murmansk near Saam LNG storage tied to Arctic LNG 2. Read These: Bloomberg, Reuters
Australia weighed domestic gas emergency powers. New South Wales launched its first gas exploration tender in ten years and cut entry fees from A$50,000 to A$1,000 amid Q3 2026 east-coast shortfall risk. Read This: OilPrice.com