Oil recorded its largest quarterly price decline in six years, as the severe supply constraints that defined recent months began to ease.
The historic supply crunch across global markets showed signs of softening, driven by alternative routes and shifting demand patterns.
Workarounds for the Strait of Hormuz, a critical chokepoint for oil transit, played a key role in stabilizing flows.
A drop in crude imports to China further reduced pressure on tight global supplies.
These developments helped offset the impact of lost Persian Gulf oil, which had previously driven prices higher.
The easing of logistical bottlenecks allowed markets to recalibrate after months of disruption.
Prices fell sharply over the quarter, reflecting the changing balance between supply and demand.
Analysts noted that the shift highlights the resilience of global energy networks in adapting to geopolitical challenges.
