Markets
Brent Crude Erases Wartime Gains as US-Iran Peace Unleashes Global Oil Glut
Oil prices are tumbling globally following a US-Iran peace deal, unleashing a wave of supply that has erased wartime gains and rekindled...
#oil markets 32 articles
Finance
Hormuz Reopening Faces Lingering Shipping Risks
A proposed US-Iran deal to reopen the Strait of Hormuz offers hope, but naval mines, high insurance, and geopolitical tensions mean shipping...
Markets
Oil Drops Despite US-Iran Talks Stalling
Oil prices saw a notable decline on Wednesday, even as U.S.-Iran peace negotiations faced significant hurdles. Brent and WTI crude futures each...
Markets
Government Halts Anthropic AI Model, Market Focuses Elsewhere
The government recently shut down Anthropic's powerful Fable 5 AI model due to undisclosed concerns. Despite the significant regulatory action, financial analysts...
World Business
Riyadh, Moscow Cement Oil Control; OPEC Influence Wanes
As Saudi Arabia and Russia deepen their energy cooperation, their combined influence over global oil supply grows, challenging traditional market dynamics amidst...
Markets
Oil Prices Plunge as Hormuz Traffic Restarts, Peace Talks Stall
Global oil prices saw a steep weekly loss as tanker traffic resumed through the Strait of Hormuz following a U.S.-Iran peace deal,...
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...
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...