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...
#oil markets 12 articles
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...
Stocks
Aramco CEO: Oil Market Normalization Delayed to 2027
Saudi Aramco CEO Amin Nasser warns global oil markets may not normalize until 2027, citing Strait of Hormuz disruptions unless the Iran...
Markets
South Korea Receives Crucial Oil Shipment Amid Hormuz Tensions
A Malta-flagged tanker delivered 1 million barrels of crude oil to South Korea, a shipment representing 35-50% of daily consumption, highlighting reliance...
Markets
Oil Prices Climb Sharply as US-Iran Peace Talks Stall
Oil prices surged Friday, extending weekly gains, as US-Iran peace negotiations showed little progress and tensions escalated in the Middle East, impacting...
Investing
US Ends Russian, Iranian Oil Waivers Amid Geopolitical Tensions
Treasury Secretary Scott Bessent confirms the U.S. will not renew waivers for Russian oil at sea or Iranian oil, citing a blockade...
Markets
Gold Registers Weekly Loss: Mideast Tensions Escalate
Gold prices recorded a 3% weekly decline, with spot gold falling to $4,685.70 an ounce, as stalled U.S.-Iran peace talks and the...