The Iran war has persisted significantly longer than anticipated – and so has a viable oil market. Despite the persistently elevated fuel prices that have incurred nearly $800 in costs for the average US household since the onset of the Read More …
Global oil prices have returned to $100 per barrel, reaching their highest levels since July, as escalating conflict in the Middle East heightens fears of sustained interruptions to oil supply. Brent crude, the global oil benchmark, experienced a 2.3% increase Read More …
Ship crossings through the Strait of Hormuz remained in single digits on Monday, showing a slight increase from the weekend, based on preliminary shipping data released on Tuesday, as US and Iranian peace talks continue to be at an impasse. Read More …
Global oil supply is projected to decline by 4.3 million barrels per day, or Approximately 4%, this year, the International Energy Agency indicated in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are poised Read More …
US President Donald Trump on Monday addressed Iran’s stipulations for a peace agreement by presenting his own requirements, which include demands for Iran to provide compensation for individuals who lost their lives in conflicts, assaults, and demonstrations. This rhetorical escalation Read More …
US President Donald Trump stated that negotiations with Iran, expected to take place through intermediaries, are scheduled to commence on Monday. Speaking to reporters aboard Air Force One, Trump confirmed that communication channels were operational. “We are talking to them Read More …
The public is increasingly discontent with the elevated cost of living, placing renewed pressure on the Federal Reserve to take action. Kevin Warsh, the new Fed chairman, has committed to restoring inflation to the target rate of 2%. Some investors Read More …
Oil prices fell by 8% on Monday, marking the largest single-day drop for crude since May 25. The information influencing oil markets is scant at best: The Trump administration has halted plans to intensify the conflict. Moreover, the absence of Read More …
Prior to the conflict in Iran, approximately 15 million barrels of oil from the Persian Gulf were transported daily via the Strait of Hormuz. Within a few years, a significant portion of that oil may circumvent the strait. As Iran’s Read More …
Since the outbreak of the US-Israeli conflict with Iran, shipping companies have been advocating for enhanced security measures to ensure the safe passage of vessels through the Strait of Hormuz, a vital trade corridor under Iranian control. President Donald Trump Read More …
