Tag: strait
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Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
Aug 14 : Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.Brent futures were up $1.43, or 1.64 per cent, to $88.50 a barrel at 0810 GMT, while U.S. Wes
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Oil rises after US threatens indefinite blockade of Iran
NEW DELHI, Aug 14 : Oil prices gained on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session’s fall on a weaker outlook for demand and a large build in U.S. stocks.Brent futures rose 90 cents, or 1.03 per cent, to $
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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 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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Middle East: Iran wants US concessions before opening Hormuz
Iran’s Foreign Ministry reiterated that the US must meet Tehran’s demands before the Strait of Hormuz is reopened and that ships transiting through will be expected to pay a fee. Follow DW for more.
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Oil rises nearly 2% as Iran tempers hopes of Hormuz reopening
LONDON, Aug 10 : Oil prices jumped almost 2 per cent on Monday after Iran insisted that the United States must satisfy several demands before the Strait of Hormuz can reopen. Brent crude futures were up $1.40, or 1.7 per cent, at $84.95 a barrel by 1218 GMT. U.S. West Texas Intermediate crude futures were…
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Oil edges higher as Iran tempers hopes of swift Hormuz reopening
LONDON, Aug 10 : Oil prices edged higher on Monday on optimism over talks to reopen the Strait of Hormuz, though gains were capped by Iran’s insistence that the United States must satisfy several demands before the waterway can reopen. Brent crude futures stood were up 67 cents, or 0.8 per cent, at $84.22 a
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