Hormuz Strait Oil Flow Recovery Reshapes Global Energy and Commodities Markets

에너지/원자재 | Thu Jul 02 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 8 sources

Oil prices fell as Hormuz Strait shipments resumed, while the UK debated North Sea drilling and the US strengthened rare earth and deep-sea mineral supply chains.

Analysis

[International Oil Market] saw crude prices decline for three consecutive days as Hormuz Strait throughput surpassed 10 million barrels per day ^[2][5]

• Commercial shipping traffic surged with US military support
• Signs of progress in indirect US-Iran negotiations
• Oil prices declined for three consecutive trading days

[UK North Sea Oil Fields] placed North Sea drilling expansion versus renewable energy policy decisions before the next Prime Minister ^[1]

• Debate over Rosebank and Jackdaw field development
• Chancellor Rachel Reeves supports new drilling
• Energy Minister Ed Miliband prioritizes clean energy
• Grangemouth refinery closure in April 2025 increases jet fuel import dependence

[REalloys] signed a rare earth mining partnership on a US Army base ^[3]

• US military can directly participate in mining operations
• Highlights strategic importance of rare earth metals
• CEO Lipi Sternheim announced the agreement

[TMC The Metals Company] advanced its commercial permit application for deep-sea polymetallic nodule mining ^[8]

• First application under the US Deep Sea Mineral Resources Act
• Targets approximately 25
• 000 km² of the Clarion-Clipperton Zone
• Estimated 619 million tons of nodule reserves with $23.6 billion after-tax NPV
• Permit decision expected in Q1 2027

[US Grain Market] saw wheat and corn futures surge after USDA planted acreage and stocks reports ^[4][6]

• Wheat futures surged for two consecutive trading days
• Weak winter wheat crop expected to tighten global inventories
• Corn declined in adjustment ahead of USDA report

[Williams Companies and Brookfield Renewable] expanded natural gas and renewable energy infrastructure targeting AI and data center demand ^[7]

• Williams operates 33
• 000 miles of pipelines
• transporting 30% of US natural gas
• Building behind-the-meter sites near data centers
• Backlog grew from $11.8 billion to $15.5 billion
• Brookfield Renewable operates 47.3GW with 200GW+ pipeline

Sources

• [1] North Sea oil and renewables: The UK’s next PM faces a defining energy policy decision - CNBC Markets
• [2] Oil Extends Decline as Barrels Flow Through Strait of Hormuz - Bloomberg Markets
• [3] REalloys Announces Partnership to Operate on US Army Base - Bloomberg Markets
• [4] Corn Squaring Up Lower Ahead of USDA Reports, Despite a Cut to Crop Ratings - Yahoo Finance
• [5] Oil flows through Strait of Hormuz reportedly surge past 10M bbl/day - Seeking Alpha Market News
• [6] Wheat futures rise as USDA cuts outlook after weak winter crop - Seeking Alpha Market News
• [7] 2 Super-Safe Dividend Stocks to Buy With $3,000 and Hold for a Lifetime - The Motley Fool
• [8] TMC The Metals Company Could Surge: 2 Catalysts Poised to Drive Gains Over the Next Year - The Motley Fool