Tag: hormuz
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Oil steady on Iran war stalemate
HOUSTON, Aug 17 : Oil prices were steady on Monday on a lack of progress in diplomatic efforts to resolve the Iran war, with investors wary of U.S. President Donald Trump’s latest comments demanding that Iran surrender while also threatening to bomb Oman.Brent crude futures were up 6 cents, or 0.07 per cent,
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Oil rises on Iran war stalemate; near-term potential for further gains seen limited
Aug 17 : Oil prices rose on Monday on a lack of progress in diplomatic efforts to resolve the Middle East conflict, though the absence of major supply outages limited gains.Brent crude futures were up 92 cents, or 1.04 per cent, at $89.44 by 1002 GMT after hitting a session high of $89.68. U.S. West…
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Hormuz blockade: A biological superspreader event?
The US-Iran war stranded hundreds of tankers and other vessels in the Strait of Hormuz. Now many have sailed on with hulls covered in potentially invasive marine life, carrying an unexpected threat to ecosystems around the world.
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Iran war: Trump to declare Hormuz US territory ‘soon’
Donald Trump said the strait would become part of the US after Iran is defeated. He also told Americans to accept higher gas prices, which have soared since Iran closed Hormuz in response to US and Israeli attacks.
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Gulf states scramble for Strait of Hormuz alternatives
Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world’s most important energy choke point.
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Due to the Iran war, Iraq is running out of money
Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil to fund the country’s huge public sector. Protests have already started. Will the Iran war destabilize Iraq again?
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Gulf states scramble for Strait of Hormuz alternative
Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world’s most important energy choke point.
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Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 : Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check.Brent futures were up 90 cents, or 1 per cent, at $89.81 a barrel by 0757 GMT, set for
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Oil climbs 2%, extending gains on dimming US-Iran peace hopes
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to their highest in more than a week as ongoing disruption to Middle East energy flows and fading hopes for a U.S.-Iran peace deal heightened concern over global oil supplies.Brent crude futures rose $2.09, or 2.38 per cent, to $89.81 a barrel…
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Oil rises 2% to more than one-week high as US-Iran peace hopes dim
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to over one-week highs as hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz faded after President Donald Trump demanded compensation from Tehran.Brent crude futures rose $1.92, or 2.19 per cent, to $89.64 a barrel by…
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