IRGC threatens indefinite closure of the Strait of Hormuz, citing US policies, as oil prices hold near $79.50. The Iranian Islamic Revolutionary Guards Corps announced the Strait of Hormuz will remain closed until the 'end of America’s evils.' The statement follows attacks
Crude futures pared gains after the U.S. abandoned a proposed 20% fee on Strait of Hormuz shipments, easing supply concerns. Crude oil futures gave up intraday highs Tuesday after President Trump canceled a plan to impose a 20% fee on vessels transiting the Strait of Hormu
Reuters Tankan survey shows manufacturers' confidence steady at +13 while services sentiment drops to +25 in July. Japan’s manufacturers maintained steady confidence in July, with sentiment unchanged at plus 13, driven by strong demand for semiconductors and AI servers. Th
Trump’s confirmation of talks with Iran alongside ongoing military strikes maintains geopolitical risk premium in oil markets. US President Donald Trump confirmed Tuesday that Washington held talks with Iran while continuing military strikes, signaling no imminent de-escal
Brent and WTI surge to one-month peaks as US-Iran blockade and Ukrainian strikes on Russian refineries tighten supply. Oil prices climbed to their highest levels in a month as escalating Middle East conflict and disrupted Russian fuel exports tightened supply. Brent and WT
A 20% levy on Strait of Hormuz shipments could disrupt global energy flows and push oil prices higher, analysts warn. Former U.S. President Donald Trump has proposed a 20% toll on the commercial value of cargo passing through the Strait of Hormuz, a critical chokepoint for
New legislation reduces maximum tariffs on top Russian oil and gas buyers to 100% from 500% while allowing presidential waivers. The US Senate released an updated Russia sanctions bill that lowers maximum tariffs on the five largest buyers of Russian energy to 100% from th
Three Senate Democrats oppose the Digital Asset Market Clarity Act, citing corruption risks tied to Trump’s crypto holdings. Three U.S. Senate Democrats intensified opposition to the Digital Asset Market Clarity Act, labeling it a 'corrupt' bill due to perceived ties to Pr
US and Israeli officials say Trump pressed Netanyahu to redeploy troops, signaling potential de-escalation amid Iran negotiations. Former US President Donald Trump told Israeli Prime Minister Benjamin Netanyahu to withdraw forces from Lebanon and Syria during a recent call
The Clarity Act isn't a ticket to sanctions evasion, actually The bill, as currently drafted, has the power to stop sanctions evasion at scale, argues Ari Redbord, global head of policy at TRM Labs. Last week, Democratic Senator Elizabeth Warren took to X to suggest that t
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