Capital MarketsOPEC+ Raises Output as Hormuz Closure Threatens September SupplyRead essay →When benchmark supply increases and physical delivery routes diverge, the gap between paper and physical becomes the real position.
Capital MarketsSouth Korea Middle East crude imports collapse 37% in April 2026Read essay →A sharp drop in crude imports from one of the Middle East's biggest Asian buyers puts pressure on the petrodollar flows that fund Gulf tokenization infrastructure.