Stocks
US Oil Reserve Dips to 43-Year Low Amid Iran Deal Talks
The U.S. Strategic Petroleum Reserve has fallen to ~340M barrels, its lowest level since 1983, according to Department of Energy data released...
#oil markets 17 articles
Finance
Hormuz Deal: Shipping Faces Months of Disruption
A US-Iran deal to reopen the Strait of Hormuz offers hope, but mines, high insurance, and geopolitical risks mean pre-war shipping normalcy...
Stocks
Persian Gulf Oil Flows Hit 7M BPD, U.S. Escorts Credited
Crude oil and fuel shipments through the Strait of Hormuz have reached ~7M bbl/day, half of volumes stranded, Energy Secretary Chris Wright...
Markets
Oil Prices Jump as Iran Deal Stalls
Oil prices surged Monday, recouping recent losses, as uncertainty surrounding a potential peace deal with Iran intensified. Brent crude futures rose 3.3%...
World Business
US-Iran Deal Progress Stalls as Israel Widens Lebanon Offensive
US and Iran exchange draft changes for a ceasefire and Strait of Hormuz deal, but progress remains uncertain as Israel expands its...
Markets
Saudi Aramco CEO: Strait of Hormuz Closure Costs 100 Million Barrels Weekly
The CEO of Saudi Aramco reports a weekly loss of 100 million barrels due to the Strait of Hormuz closure, driving oil...
Stocks
Trump: U.S.-Iran Peace Deal on Strait of Hormuz ‘Largely Negotiated’
President Trump announced a peace deal with Iran to reopen the Strait of Hormuz is 'largely negotiated' and will be announced soon.
Markets
Gold Holds Steady Near Seven-Week Lows Amid Geopolitical Shifts
Gold prices remained largely unchanged on Wednesday, trading near seven-week lows at $4,482.58 an ounce, as a stronger dollar and rising Treasury...
Stocks
Oil Prices Climb, Bond Yields Rise as Iran Standoff Persists
Global markets faced pressure Monday from rising oil prices and climbing bond yields. The ongoing U.S.-Iran standoff continues to disrupt shipping lanes...