A potential US-Iran agreement could reopen the Strait of Hormuz, easing oil prices to $86 per barrel in late 2026. Brent crude could retreat to $86 per barrel in Q4 2026 if a US-Iran deal reopens the Strait of Hormuz, according to a baseline scenario. The outlook assumes s
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.35 during the early European trading hours on Tuesday. WTI price declines as traders have treated any progress toward ending the Iran conflict with caution, given the fragility of a US–Iran ce
Tighter fuel supply boosts refining margins Goldman Sachs forecasts significantly higher refining margins throughout 2026 due to tighter petroleum product supply. The war in the Middle East has pushed refiners’ margins two to three times higher than the average for th
Crude oil futures turned mildly bearish after sellers blocked a rally near $94.20, pressuring prices toward a key support zone at $91.37-$91.78. Crude oil futures reversed course after buyers failed to sustain gains above the $94.20 resistance level, signaling a mildly bea
Oil prices retreat slightly despite heightened Middle East tensions after Iran halts talks and threatens key shipping routes. West Texas Intermediate crude oil trades near $90.60 per barrel, paring earlier gains after a 4.71% surge on Monday. The pullback occurs despite es
Oil traffic may not recover to pre-war levels The war in the region is affecting oil and gas traffic via the Strait of Hormuz. Traffic has partially recovered but remains below pre-February 28 levels. Big Oil warns of a looming supply shortage set to hit gl
RBNZ may raise rates in July after a 3:3 split vote The RBNZ held the OCR at 2.25% on a 3:3 split vote. The central bank's updated OCR track was lifted nearly 50 basis points over the next year. New Zealand has not recovered from a deep double-dip recession in 20
Brent and WTI jump after Tehran signals plans to close the Strait of Hormuz, trimming gains following Trump's social media comments. Oil prices climbed more than 4% Monday as Iran threatened to fully block the Strait of Hormuz, a critical chokepoint for global crude shipme
Three months into the Iran War, vessel traffic through the Strait of Hormuz is still running more than 90% below normal levels. Base chemicals have risen faster than at any point on record Asian petrochemical plants are declaring force majeure. And Goldman Sachs jus
The Dow Jones Industrial Average traded around 0.4% lower Monday, shedding roughly 200 points to sit near 50,800 after pulling back from the record-area highs above 51,100 set last week. The S&P 500 was only marginally lower and the Nasdaq Composite hovered close to flat,
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.