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Source document· May 11, 2026

Strait of Hormuz Closure Pushes Crude Prices Higher

View original at nasdaq.com
Strait of Hormuz Closure Pushes Crude Prices Higher June WTI crude oil (CLM26) on Monday closed up +2.65 (+2.78%), and June RBOB gasoline (RBM26) closed up +0.0731 (+2.07%)…
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What we drew from this source

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  • About 14 million bpd of global oil supply has been shuttered by the Iran war and the closure of the Strait of Hormuz

    60% confidence

  • US crude oil production in the week ending May 1 fell -0.1% w/w to 13.573 million bpd, below the record high of 13.862 million bpd posted in the week of November 7

    60% confidence

  • OPEC's April crude production fell by -420,000 bpd to a 35-year low of 20.55 million bpd

    60% confidence

  • Crude output in the Persian Gulf has been curtailed by about 14.5 million bpd due to the US-Iran conflict

    60% confidence

  • Russia is dragging out the Ukraine war

    60% confidence

  • More than 80 energy facilities have been damaged during the conflict, and a recovery could take as long as two years

    60% confidence

  • Iran's latest peace proposals are totally unacceptable

    60% confidence

  • The territorial issue remains unresolved with Ukraine, and there is no hope of achieving a long-term settlement to the war until Russia's demand for territory in Ukraine is accepted

    60% confidence

  • The US may restart the operation to guide commercial ships through the Strait of Hormuz with naval and air support as soon as this week

    60% confidence

  • OPEC+ will boost crude output by 188,000 bpd in June after raising production by 206,000 bpd in May, as part of restoring the 2.2 million bpd cut made in early 2024

    60% confidence

  • Russia's average refinery runs fell to 4.69 million bpd, the lowest in 16 years, following Ukrainian strikes in April

    60% confidence

  • Crude oil stored on tankers stationary for at least 7 days fell -33% week-over-week to 103.90 million bbl in the week ended May 8

    60% confidence

  • The current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June

    60% confidence

Data points we hold from this source

United States Government · backlog410 active_oil_rigs
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Q4 2026 Biotech Catalyst Window: ESMO Data, the Ivonescimab PDUFA and Small-Cap Delistings
Mid-October to November 2026 is a dense catalyst period for clinical-stage biotech. Positive late-stage readouts (ALOFT-IPF, TELIGAN, MIUDELLA, the duvakitug extension) and the ESMO 2026 presentations lead up to the FDA's 14 November PDUFA date for the ivonescimab BLA. At the opposite end of the market, Spago Nanomedical is moving to delist from Nasdaq First North, which shows how hard it is for micro-cap developers to fund themselves. Value is concentrating in companies with late-stage data and near-term regulatory outcomes.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
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