After almost a week, the evergreen ship Ever Given grounded in the Suez Canal is likely to be refloated today. Oil prices fell as the news of this hit the market. The stocks of oil companies were soaring on Monday as the news emerged.
But the damage to the world economy might have been done already with several shipments getting delayed and maritime getting affected. The maritime industry is already in tatters over a pandemic hit traffic and congestion which has accelerated with the Suez Canal...
https://www.marineinsight.com/shipping-news/oil-prices-drop-as-suez-canal-grounded-ship-refloats/