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Indian Refiners to Divert Sugar to Local Market to Ease Crunch

Indian refiners will divert 350,000 tons of sugar originally headed offshore into the local market, people familiar with the matter said, after authorities cleared the move to ease a supply crunch.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Hormuz Traffic Remains Depressed as Iran and Oman Weigh Temporary Corridor

Vessel traffic at the Strait of Hormuz remains well below recent averages as Iran and Oman discuss a temporary shipping corridor in the key chokepoint that could lead to a kind of ‘interim’ reopening.

  • Vessel traffic at Hormuz remains depressed, at 5 vessels as of Wednesday.
  • Iran and Oman discuss temporary shipping corridor through critical chokepoint.
  • Strait of Hormuz may stay closed until US conflict ends, Iran says.

More from Wednesday 26 August →