On July 21, 2026, a pivotal date for global energy, events in the Strait of Hormuz, API oil inventory reports, and changes in the oil product market significantly influenced the economy and politics. The Strait of Hormuz, through which approximately one-third of global maritime oil supplies pass, has experienced a new wave of tension. This has led to uncertainty in the oil market, particularly for Brent and WTI crude. Meanwhile, API reports indicate unexpected changes in oil inventories, exacerbating the situation. Oil products such as gasoline and diesel have become scarce due to rising demand and ongoing supply chain issues. The energy sector is also evolving, focusing on both traditional sources like coal and natural gas and renewable energy sources. These events are shaping global trends in the energy market, affecting all aspects from oil and gas extraction to processing, including strategic inventory management and finding ways to improve refinery margins.