Crude prices retreat as oil continues flowing through Hormuz alternatives
Oil prices declined on Thursday after a significant rally the previous day. Crude oil continued to move out of the Middle East despite escalating conflict. Shipping activity indicated that oil supplies were still finding routes out of the region. Military actions intensified with US-Saudi strikes targeting Iran-backed forces in Iraq. Saudi Arabia is reportedly assembling a coalition to protect Red Sea shipping from Houthi attacks.
Where: India, Saudi Arabia, Iran, Iraq
Exact coordinates
india: 20.590, 78.960
saudi arabia: 23.890, 45.080
iran: 32.430, 53.690
iraq: 33.220, 43.680
Read it at Times of India See this on the map
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