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Context Call: July 2026 (Video)

Post-MOU status of shipping flows through the Strait of Hormuz, the ongoing depression in China’s crude import appetite, and the emergence of the “mini-glut” currently being digested by oil markets.

Thank you to all the subscribers who turned out live for our fourth Context Call Q&A and contributed so many good questions.

As always, we’re posting a recording of the call for oil watchers who weren’t able to make it live.

There’s a ~6:30 minute preview of the call available to all subscribers that covers an update to Hormuz transit traffic, and paid subscribers can watch the full ~70-minute Context Call recording above.

Become a paid subscriber today to watch the full Context Call recording and join us in our hunt for ever-deeper oil market context


Disclaimer: These materials incorporate third-party data, are provided for informational purposes only, and do not constitute advice or opinion of any kind. Commodity Context does not warrant or guarantee the accuracy or completeness of these materials.

This post is for paid subscribers