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The US and Iran exchanged attacks on oil tankers over the weekend, intensifying pressure on energy flows through the Strait of Hormuz. OPEC+ kept October oil production quotas unchanged, pausing nominal increases amid threats to shipments.
Iran’s economy is starting to buckle six months into its war with the United States and Israel under the weight of a near-total oil export blockade imposed by the U.S. military. The United States has intensified economic pressure on Tehran, a campaign that President Donald Trump had previewed as "economic D-Day" for Ir
BoJ policymaker Kazuo Ueda said rates would keep rising as inflation risks grow. RBNZ raised the OCR to 2.75% by 25 bps, while global bonds sold off on inflation fears.
U.S. strikes on Iranian targets near the Strait of Hormuz sent Brent above $95 and WTI over $90, while USO and BNO rallied and defense contractors slipped.
US heating oil futures trade near $4.30 per gallon, hovering close to a four-month high as shipping through the Strait of Hormuz slows after tanker attacks and broader Middle East and refinery disruptions.
() -- Oil rose for a third day early Thursday as renewed fighting between the U.S. and Iran threatens to keep the Strait of Hormuz closed, again shutting in tankers bringing Persian Gulf supply to the market. West Texas Intermediate crude oil for August delivery was last seen up $0.41, or 0.6%, to $73.93 per barrel, wh
() -- Oil prices extended gains on Wednesday to hit its highest in nearly two-weeks after drone attacks on tankers in the Strait of Hormuz prompted US retaliatory strikes and an immediate revocation of waivers authorizing Iranian crude sales. Front-month Murban crude futures advanced more than 4% to $71.78 per barrel,