Tag: hormuz
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Oil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat
HOUSTON, July 20 : Oil prices settled over 1 per cent higher on Monday after volatile trading through the session, as traders weighed hopes of renewed U.S.-Iran negotiations against Yemen’s Houthis imposition of a naval blockade against Saudi Arabia.The Middle East conflict escalated over the weekend, with th
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Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat
July 20 : Oil prices were steady on Monday, pulling back from earlier highs as price pressure from hopes of renewed U.S.-Iran negotiations was countered by Yemen’s Houthis declaring a naval blockade against Saudi Arabia.Benchmark prices had earlier touched more than one-month highs on concern over disruption
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Oil reverses as Iranian comments interpreted as chance for fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran’s foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Brent crude
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Oil prices extend gains on escalating Middle East hostilities
July 20 : Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between the U.S. and Iran restricted oil shipments through the Strait of Hormuz.Brent crude futures were up $1.03, or 1.17 per cent, at $89.13 a barrel by 0751…
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Iran’s oil supply threat extends beyond Strait of Hormuz
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran also turning its attention to the pipelines meant to bypass the waterway?
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Blasts reported in Iran as US launches new wave of strikes
The US says its attacks aim to “further degrade Iranian military capabilities”, as fighting continued for the sixth day in a row.
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Strait of Hormuz: US fires at oil tanker as new Iran blockade begins
The US military targeted an unladen oil tanker which it said was heading for the key Iranian oil terminal on Kharg island.
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The Strait of Hormuz: Iran’s Most Powerful Weapon?
Roughly a quarter of the world’s oil and liquefied natural gas trade usually passes through the Strait of Hormuz. Has control of this strategic chokepoint become a more powerful weapon than a nuclear bomb? Our guests: Jörg Lau (Die Zeit); Melinda Crane (US journalist); Ellie Geranmayeh (Iran expert)
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Oil eases as traders weigh US-Iran conflict risks
July 16 : Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of Hormuz.Brent crude futures were down 58 cents, or 0.68 per cent, to $84.37 a barrel at 0808 GMT, while U.S. West Texas Intermediate future
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Trump retreat over Hormuz tolls suggests struggle to end Iran war
The abrupt about-face from the US president was the latest twist in a conflict that has now lasted more than four months.
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