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The US Now Ships Oil to Australia as the Strait of Hormuz Crisis Escalates
Key takeaways
- Integrated oil majors are profiting from elevated prices and tightened refining spreads as supply disruptions tighten global energy markets.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and BP wasn t one of them.
- The Strait of Hormuz crisis is reshaping global oil flows in ways that would have seemed unusual just months ago.
The US Now Ships Oil to Australia as the Strait of Hormuz Crisis Escalates Thomas Richmond Mon, May 18, 2026 at 1:58 AM GMT+7 4 min read CL=F BP SHEL TTE NVDA Quick Read The Strait of Hormuz conflict is rerouting global oil supply, pushing WTI crude to $114.58 and forcing the US to export crude to Australia.
Integrated oil majors are profiting from elevated prices and tightened refining spreads as supply disruptions tighten global energy markets.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and BP wasn t one of them. Get them here FREE.
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