{"id":174306,"date":"2026-06-23T18:36:08","date_gmt":"2026-06-23T18:36:08","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/174306\/"},"modified":"2026-06-23T18:36:08","modified_gmt":"2026-06-23T18:36:08","slug":"crude-supplies-will-take-time-to-clear-hormuz-phillips-66-ceo-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/174306\/","title":{"rendered":"Crude supplies will take time to clear Hormuz, Phillips 66 CEO says"},"content":{"rendered":"<p>US refiner Phillips 66 CEO Mark Lashier said on Tuesday it would take time for crude supplies to clear through the Strait of Hormuz, as uncertainty remains around a return to normal shipping activity.<\/p>\n<p>Passage through the Strait of Hormuz is continuing on a limited basis, easing immediate supply concerns and pushing crude prices lower. Meanwhile, energy companies are monitoring how quickly crude flows, and inventories and shipping activity return to normal.<\/p>\n<p>Speaking at a JPMorgan conference, Lashier said between 90 million and 100 million barrels of crude remain trapped in the strait, and that would work their way out over time.<\/p>\n","protected":false},"excerpt":{"rendered":"US refiner Phillips 66 CEO Mark Lashier said on Tuesday it would take time for crude supplies to&hellip;\n","protected":false},"author":2,"featured_media":174307,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[28],"tags":[102,1738,1737,2407,101,51],"class_list":["post-174306","post","type-post","status-publish","format-standard","has-post-thumbnail","category-strait-of-hormuz","tag-hormuz","tag-mena","tag-north-america","tag-phillips-66","tag-strait-of-hormuz","tag-united-states"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116800873045085040","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/174306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=174306"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/174306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/174307"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=174306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=174306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=174306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}