🔴 LATEST (Jun 9): US Energy Sec. Wright says Hormuz traffic "rising very meaningfully" — WTI -3.4% to $88.20/b; Brent eases to ~$94/b (CNBC, Jun 9) ◆ 💣 Jun 9: US launches new airstrikes on Iran after American helicopter downed — ceasefire violations reignite Middle East tensions (Reuters, Jun 9) ◆ 📊 EIA STEO Jun 2026: Middle East producers cut 11+ mb/d vs pre-conflict; global inventory draws 6.3 mb/d in Q2 & 7.6 mb/d in Q3; Brent avg $105/b in Jun–Jul (EIA, Jun 10) ◆ 📉 May 29: Brent posts worst month since COVID — down 19% in May, off 20% from 2026 peak on US–Iran ceasefire optimism (CNBC, May 29) ◆ 💥 May 28: US airstrikes on Iran revive Hormuz turmoil fears after ceasefire violations — Brent briefly surges (CNBC, May 28) ◆ 🔴 BREAKING (May 24): US & Iran near deal to extend ceasefire 60 days & fully reopen Strait of Hormuz — de-mining & US port-blockade lift both part of framework (Washington Post, May 24) ◆ 🗣️ Trump (May 23): Iran deal "largely negotiated, subject to finalization" — Iran's Fars agency disputes details as "incomplete" (CNBC, May 23) ◆ ⚓ Iran IRGC (May 20): 26 vessels coordinated through Hormuz in 24 hrs under new controlled-transit regime — Tehran publishes exclusion-zone map (Al Jazeera, May 20) ◆ 🏗️ UAE (May 20): Hormuz-bypass pipeline now ~50% complete — Abu Dhabi accelerating construction for export independence (CNBC, May 20) ◆ 🚨 IEA OMR May 2026: 14+ mb/d now shut in — global supply at 95.1 mb/d; cumulative losses since Feb hit 12.8 mb/d; demand to contract 420 kb/d in 2026 (IEA, May 13) ◆ 📉 OPEC MOMR May 2026: Hormuz closure cuts cartel output 30% — 9.7 mb/d lost; UAE exit from OPEC effective May 1 (OPEC, May 13) ◆ 🚢 Aramco CEO (May 11): 600+ tankers trapped inside Persian Gulf — another 240 queued outside the strait waiting to transit (CNBC, May 11) ◆ 📉 May 4: Ceasefire "effectively ceases" — Iran resumes activity, Brent spikes 6%; Trump launches Operation Project Freedom to escort vessels out of Gulf (Fortune, May 4) ◆ 🛢️ May 3: OPEC+ (first meeting without UAE) approves 188,000 b/d July quota hike despite ongoing Hormuz crisis (CNBC, May 3) ◆ 📊 Cumulative losses top 1 billion barrels since Feb 28 — ~100 mb/week still being lost; global inventories at multi-decade lows (IEA OMR May 2026) ◆ 🇬🇧 UK deploys drones, fighter jets & Royal Navy warship to Hormuz — joins US-led international mission to protect commercial shipping (May 2026) ◆ 🔴 LATEST (Jun 9): US Energy Sec. Wright says Hormuz traffic "rising very meaningfully" — WTI -3.4% to $88.20/b; Brent eases to ~$94/b (CNBC, Jun 9) ◆ 💣 Jun 9: US launches new airstrikes on Iran after American helicopter downed — ceasefire violations reignite Middle East tensions (Reuters, Jun 9) ◆ 📊 EIA STEO Jun 2026: Middle East producers cut 11+ mb/d vs pre-conflict; global inventory draws 6.3 mb/d in Q2 & 7.6 mb/d in Q3; Brent avg $105/b in Jun–Jul (EIA, Jun 10) ◆ 📉 May 29: Brent posts worst month since COVID — down 19% in May, off 20% from 2026 peak on US–Iran ceasefire optimism (CNBC, May 29) ◆ 💥 May 28: US airstrikes on Iran revive Hormuz turmoil fears after ceasefire violations — Brent briefly surges (CNBC, May 28) ◆ 🔴 BREAKING (May 24): US & Iran near deal to extend ceasefire 60 days & fully reopen Strait of Hormuz — de-mining & US port-blockade lift both part of framework (Washington Post, May 24) ◆ 🗣️ Trump (May 23): Iran deal "largely negotiated, subject to finalization" — Iran's Fars agency disputes details as "incomplete" (CNBC, May 23) ◆ ⚓ Iran IRGC (May 20): 26 vessels coordinated through Hormuz in 24 hrs under new controlled-transit regime — Tehran publishes exclusion-zone map (Al Jazeera, May 20) ◆ 🏗️ UAE (May 20): Hormuz-bypass pipeline now ~50% complete — Abu Dhabi accelerating construction for export independence (CNBC, May 20) ◆ 🚨 IEA OMR May 2026: 14+ mb/d now shut in — global supply at 95.1 mb/d; cumulative losses since Feb hit 12.8 mb/d; demand to contract 420 kb/d in 2026 (IEA, May 13) ◆ 📉 OPEC MOMR May 2026: Hormuz closure cuts cartel output 30% — 9.7 mb/d lost; UAE exit from OPEC effective May 1 (OPEC, May 13) ◆ 🚢 Aramco CEO (May 11): 600+ tankers trapped inside Persian Gulf — another 240 queued outside the strait waiting to transit (CNBC, May 11) ◆ 📉 May 4: Ceasefire "effectively ceases" — Iran resumes activity, Brent spikes 6%; Trump launches Operation Project Freedom to escort vessels out of Gulf (Fortune, May 4) ◆ 🛢️ May 3: OPEC+ (first meeting without UAE) approves 188,000 b/d July quota hike despite ongoing Hormuz crisis (CNBC, May 3) ◆ 📊 Cumulative losses top 1 billion barrels since Feb 28 — ~100 mb/week still being lost; global inventories at multi-decade lows (IEA OMR May 2026) ◆ 🇬🇧 UK deploys drones, fighter jets & Royal Navy warship to Hormuz — joins US-led international mission to protect commercial shipping (May 2026) ◆