Markets
Oil Prices Plunge as Iran Deal Prospects Ease Supply Concerns
Oil futures extended declines Tuesday, hitting a three-month low as a potential U.S.-Iran deal signaled the reopening of the critical Strait of...
#Strait of Hormuz 53 articles
World Business
Trump Eyes Swift Russian Oil Sanctions
At the G7 summit in Evian, France, US President Donald Trump suggested the US could swiftly reimpose sanctions on Russian oil, contingent...
Markets
Oil Prices Climb as US-Iran Tensions Halt Hormuz Traffic
Benchmark crude oil prices rose Thursday following US-Iran escalation, which saw commercial traffic through the Strait of Hormuz dwindle to near zero.
Markets
U.S.-Iran Deal Sinks Crude Prices 5% As Hormuz Reopens
Crude oil prices plunged over 5% to $80.57 per barrel after the U.S. and Iran agreed to sign a preliminary deal Friday,...
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...
Economy
Crop Prices Fall on Hormuz Reopening Prospect
Grain futures declined in Chicago following news of a potential Strait of Hormuz reopening, promising easier access to vital farm inputs and...
Stocks
Trump Announces Hormuz Reopening Friday, Easing Tensions
The Strait of Hormuz is set to reopen Friday after a U.S.-Iran peace deal, President Trump confirmed, potentially easing energy market disruptions...
World Business
Trump to Meet Mideast Partners, Iran Deal Looms at G7 Summit
President Trump will hold bilateral meetings with Mideast partners at the G7 summit in France, with a potential Iran deal on the...
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...