Tag: Oil and Gas
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Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won’t last forever.
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Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war
The Jones Act waiver extension comes after the Trump administration’s latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
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Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuIn an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in
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Trump says oil supermajors are making too much money. What will they do with it?
The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too much money.”
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Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal
Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not be coming anytime soon.
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Saudi Aramco extinguishes fire at refinery as Houthis claim responsibility
Iran’s foreign minister reportedly said his country is not engaging in talks with the U.S., but added: “Messages are being exchanged through intermediaries.”
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UAE says one of its ships was targeted by missile as U.S.-Iran tensions over Strait of Hormuz remain high
Iran’s military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran’s conditions.
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Trump teased an Iran deal that didn’t come, but markets soared. Here’s why it keeps happening
As oil reserves and munitions stockpiles reportedly dwindle, analysts wonder how much longer markets will pounce when the Trump admin. dangles an Iran deal.
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Top Democrat proposes killing tax breaks for overseas oil production
Gas prices in the U.S. averaged $4.06 per gallon on Thursday — a major source of voter discontent heading into November’s midterm elections.
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Iran’s chief negotiator accuses Trump of ‘theater diplomacy’ with Hormuz traffic near standstill
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
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