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Persian Gulf crude exports have recovered to about 80% of pre-war levels, but oil remains stuck near $100 a barrel. Yet, getting volume through the Strait of Hormuz has not brought back cheap supply, as last week’s Brent price settled around $102.7 per barrel. Exports passed 14 million barrels a day last week for the f
The movement of oil out of the Middle East is reportedly above pre-conflict levels, but so have attacks on vessels in the Strait of Hormuz amid escalating tensions between the U.S. and Tehran. Shipping Data Shows Surge in Oil Movement According to a report by Reuters on Monday, which cited provisional estimates from th
Police said the men were arrested near RAF Fairford in western England after reports of suspicious vehicles. Counter-terrorism police are leading the investigation.
Counterterrorism officers are leading the investigation after the men were detained near the base in west England. A source familiar with the probe said an Iranian-linked motive was considered the most likely.
CBOT corn fell 0.3% and soybeans rose 0.2% as traders weighed diplomatic efforts over Black Sea grain exports.
BEIJING, Sept 23 (Reuters) — Chicago Board of Trade wheat futures continue dropped for a third straight session on Wednesday, past a four-week low, as traders monitor prospects for diplomatic efforts easing Black Sea export disruptions. Corn and soybeans gained. Fundamentals The most-traded wheat contract on the Chicag
Volodymyr Zelenskiy will meet Donald Trump at the United Nations in New York on Tuesday to push for an energy truce with Russia.
The European Union's naval mission to protect shipping in the Red Sea would need to boost its numbers to more than 10 warships, its foreign policy chief Kaja Kallas said on Monday, adding that for now there were not that many in the area.
US Rear Admiral Matt Kawas stated that the Strait of Hormuz remains open for lawful commercial transit, with US forces coordinating over 2,000 transits and averaging more than 400 monthly. This contrasts with Dutch fleet commander Rear Admiral George Pastoor's assessment that shipping through the strait is "completely
A P Moller Maersk (OTC: AMKBY ) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This content is powered APIs. For comprehensive financial data and transcripts, visit Access the full call at Summary A P Moller Maersk reported strong financial performance for
Defence Minister Crosetto urges protection for merchant shipping Suez route carries 40% of Italy's global trade Shipowners welcome possible Italian navy involvement By Angelo Amante ROME, Sept 18 (Reuters) — Italy's defence minister on Friday called for a stronger naval presence in the Red Sea to protect merchant shipp
Oil prices rose nearly 5% Tuesday as concerns over supply disruptions lingered after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf. XOM stock is trending as oil shoots higher. See the real-time price action here.
The Australian dollar fell to around $0.71, extending its decline from the previous week to reach a nearly two-week low as hotter-than-expected US inflation data strengthened the case for a Federal Reserve rate hike. After the data release, traders ramped up wagers to 86% that the US Federal Reserve will raise rates at
Imperial Ptrl said second-quarter revenue rose to $87.1 million, up 41.2% from Q1 2026 and 140% year over year. Net income was $34.8 million, and six-month net income reached $62.8 million.
UK natural gas prices dropped below 196 pence per therm on Thursday but remained close to the highest level in more than three years. The move reflects supply concerns as attacks in the Middle East disrupt LNG shipments through the Strait of Hormuz and Europe’s inventories stay below historical norms.
European natural gas prices steadied at €79/MWh on Thursday, hovering close to the highest level in more than three years. The moves come amid rising concerns over gas supply after Iran attacked 10 ships near the Strait of Hormuz and warned of stepped-up strikes if Washington continued attacks on its territory.
Brent crude rose above $101.5 a barrel on Wednesday for the first time since May. The move was linked to escalating US-Iran tensions, including reports of attempted attacks on US Navy ships and US missile activity near Iran’s oil export facilities.
Crude oil rose to about $96.70 a barrel on Wednesday, the highest level since May. The move was driven by escalating US-Iran tensions, including reported attacks on Navy ships and energy facilities, plus a 0.3 million barrel fall in US crude inventories last week.
CENTCOM said no U.S. Navy warship was struck and that all IRGC attempted attacks failed, after the IRGC claimed strikes on U.S. vessels and oil tankers in the Strait of Hormuz.
Brent oil rose to $100 a barrel for the first time since July 24th following US strikes on Iranian oil tankers after Tehran attacks.
Energy-led demand for oil rose as US reported destroying additional Iranian oil tankers and striking near Kharg Island; China’s consumer and producer price pressures revived via an energy spike.
The Wall Street Journal, citing U.S. officials, reported Iran struck U.S. naval vessels again—second maritime action in three days. U.S. military has not acknowledged it; officials cite more capable missile deployment and Tehran claims newly fielded advanced-guidance missiles.
No American ships were struck in Iran's Monday attacks - WSJ
Crude rose to around $94.5 a barrel on Tuesday, its highest since June 3. The move followed Saudi-reported attacks that halted operations at several southern energy facilities, with additional Middle East shipping tensions in focus.
Brent crude rose toward $99 a barrel Tuesday after Saudi Arabia reported attacks that halted operations at several southern energy facilities, with Iran-backed Houthi claims citing the 400,000-bpd Jazan refinery and other domestic-linked sites.
Crude rose above $92 a barrel to a three-month high after Iran said an agreement with Oman to manage Strait of Hormuz shipping was nearing completion. Markets also weighed potential US response after tanker strikes over the weekend.
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
Israeli Prime Minister Benjamin Netanyahu predicted the imminent downfall of the Iranian regime, asserting that this shift will bring about significant changes in the Middle East. Netanyahu, during a government toast preceding the Jewish New Year, Rosh Hashanah, on Sunday, hinted at Israel’s continuous actions against
LiveSquawk says German industry output unexpectedly fell most in almost a year, while Saudi Aramco’s refinery was hit in new strikes. It also cites US strikes on three Iranian ships and a planned new restricted Gulf zone.
Energy Secretary Chris Wright said U.S. gasoline prices are "more likely to go down than go up" despite record Labor Day fuel costs, citing futures, seasonal demand and regulatory changes.