WTI and Brent crude prices rise over 2% as US-Iran clashes cut daily ship traffic in the Strait of Hormuz to single digits. Oil prices climbed more than 2% to start the week as escalating US-Iran tensions in the Middle East disrupted shipping routes. WTI crude reached $83.
MUFG warns higher oil prices may pressure Asian FX after tanker attacks in the Strait of Hormuz and US-Iran clashes. Oil prices jumped at the start of the week following reports of two tankers struck in the Strait of Hormuz amid escalating US-Iran tensions. The surge is ex
Brent crude jumps as Iran reports two tankers struck in key shipping lane amid escalating US-Iran military actions. Oil prices climbed sharply at the start of the week after Iran reported two tankers were mined and damaged in the Strait of Hormuz, a critical chokepoint for
Iran's claim that two tankers were destroyed by mines in the Strait of Hormuz marks a significant escalation from strikes and blockade enforcement to direct sabotage of vessels attempting the transit, and it will likely be read by oil markets as confirmation that safe passage...<
West Texas Intermediate (WTI) oil price opened at a bullish gap, trading around $83.50 per barrel during the Asian hours on Monday. Crude oil prices have gained significantly as escalating hostilities between the United States (US) and Iran raise fears of further disruptio
Brent crude futures rose to $90.79 on Monday Brent crude futures rose about 3% to $90.79 on Monday, driven by escalating US and Iran attacks. The conflict has led to a mutual blockade dynamic around the Strait of Hormuz, cutting vessel transits sharply. The marke
Strait of Hormuz vessel traffic fell to four ships Sunday, down from eight, amid rising tensions and military strikes disrupting key oil trade routes. Strait of Hormuz transits plunged to just four vessels on Sunday, half the prior day’s count, as US-Iran strikes entered a
Crude futures rise on reports of US military buildup and warnings of a broader conflict with Iran, lifting volatility. Oil futures climbed nearly 2% at the start of the trading week, driven by escalating US-Iran tensions rather than supply-demand shifts. The move follows r
Venture Global surges 12.7 percent as natural gas and crude benchmarks climb on Middle East supply concerns. Venture Global shares jumped 12.7 percent week-on-week as investors shifted into energy stocks amid rising oil and gas prices. August Henry Hub natural gas futures
Pentagon increases military aircraft in the region The US is positioning for a longer and potentially wider campaign against Iran, with the Pentagon increasing the number of military aircraft in the region. This build-up, paired with warnings that air defence and l
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