April lubricants industry market update.

Today my local Walmart was stuffed to the gills with oil but the local Meijer store was pretty bare. Lots of 5W-20, only 1 brand that had DEXOS approved 5 quart jugs and only 2 individual quarts of DEXOS on the shelf.
Same for me. Both Walmarts fully loaded, with one having no less than four pallets of oil waiting to be stocked. On the other hand, Rural King raised prices on Mobil products approximately 25% across the board. RK is usually just a dollar more than Walmart per 5qt jug, with slightly better prices when on sale compared to WM Rollback. At RK, most Mobil full syn jugs were $33.99.
 
DUBAI, United Arab Emirates (AP) — Iran again launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to new U.S. airstrikes against the Islamic Republic, and threatened a “complete halt” in negotiations to end the war if Washington continues its attacks.

Efforts to reopen the Strait of Hormuz without Iran’s direct oversight sparked the days of crossfire and have imperiled the talks for a lasting ceasefire. A multinational maritime body overseen by the U.S. Navy said Saturday it would expand a route near Oman for inbound and outbound traffic, setting up a new flashpoint with Tehran.

The global community has long considered the strait an international passageway, despite its location in Iran and Oman’s territorial waters. In recent days, Iran has twice attacked vessels going through a route on the Omani side in an evacuation effort backed by a United Nations agency.

Iran insists that it alone must govern the strait, the narrow mouth of the Persian Gulf that once carried a fifth of the world’s oil and natural gas. Iranian Foreign Minister Abbas Araghchi reiterated the claim on Sunday.
 
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