Who Is The Market Watching

March 31 and April 1 News Set

Strait of Hormuz | Score 67.5 | Chokepoint closed, ceasefire gated to reopening, bilateral transit workarounds rationing access Hormuz shipping averages 5.36 vessels/day versus 94.3 pre-conflict; U.S. ceasefire consideration conditional on waterway being "open, free, and clear." Read This: CNBC | Oxford Institute for Energy Studies | Bloomberg | Reuters

Australia | Score 30.0 | Cyclone damage, weeks-long Wheatstone outage, windfall tax risk, LNG-for-fuel diplomacy Chevron reported extensive damage at Wheatstone with two trains shut; Gladstone LNG forgoing export opportunities under government pressure; Canberra leveraging LNG flows to secure Asian refined-fuel imports. Read This: OilPrice.com | Bloomberg | Australian Financial Review