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Unverified Hormuz mine reports threaten to re-arm the freight premium, while Nigeria's downstream problem shifts from crude price to crude availability
Iran's Revolutionary Guards Navy says two tankers caught fire after striking naval mines in the Strait of Hormuz — a claim Reuters has not independently confirmed, and one that matters less for the barrels involved than for the threat category it introduces. Meanwhile Abuja's own admission that it cannot allocate 700,000 b/d of freely available crude to the Dangote refinery reframes Nigeria's binding constraint as feedstock access, not headline price, with direct consequences for West African product flows and for the waste-oil feedstock channel into Europe.
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