Stocks
Crude Futures Jump 10% as Iran Strait Closure Worries Market
U.S. crude oil futures surged 10% this week, driven by the prolonged closure of the Strait of Hormuz and deepening concerns over...
#Strait of Hormuz 39 articles
Stocks
Hormuz Closure Threatens Brent at $150 by Summer, Morgan Stanley Warns
Morgan Stanley strategists warn that a prolonged Strait of Hormuz closure into June could push Brent crude prices to $150 per barrel...
Markets
Strait of Hormuz Closure Costs 100 Million Barrels Weekly: Aramco CEO
Saudi Aramco CEO states a Strait of Hormuz closure results in a weekly loss of 100 million barrels of oil. Oil prices...
Stocks
Crude Prices Jump as Hormuz Closure Persists After Trump Rejects Iran Deal
Crude oil and gasoline prices surged on Monday following President Trump's rejection of Iran's latest peace proposal, prolonging the closure of the...
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...
Stocks
Crude Oil Rises After Trump Rejects Iran Peace Offer
Crude oil futures gained Sunday after President Trump rejected Iran's peace proposal as 'totally unacceptable,' citing concerns over the Strait of Hormuz.
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...
Stocks
Crude Prices Climb as Strait of Hormuz Tensions Escalate
Crude oil and gasoline prices rose Friday, driven by escalating US-Iran hostilities in the Strait of Hormuz, threatening global energy supplies.
Markets
Gold Rises as ‘Project Freedom’ Continues, Oil Prices Ease
Gold prices climbed Tuesday as 'Project Freedom' entered its second day, bolstering expectations for secure oil transit through the Strait of Hormuz...