Tag: oil
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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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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose…
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Chipmakers chip away at stocks, oil hovers at $85
LONDON, July 16 : European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war propped up oil prices.Stellar results from Taiwanese chip giant TSMC could n
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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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Chipmakers weigh on stocks, oil edges higher
LONDON/SYDNEY, July 16 : European markets edged lower on Thursday following more overnight volatility in Asia’s tech-dominated indexes, while benign U.S. inflation data helped keep the dollar and government bond yields under control, as the U.S.-Israeli war on Iran nudged oil prices up again.Despite stellar
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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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Dollar at one-month low as cooling inflation offsets oil price risks
July 16 : The dollar hovered near its one-month low on Thursday as investors weighed subdued U.S. inflation data, which dampened rate-hike expectations, against the risk of a further oil price spike that could support the greenback.U.S. Treasury yields fell on Wednesday after a second consecutive day of data
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Oil eases as traders lock in gains, assess Iran escalation
TOKYO/BEIJING, July 16 : Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U.S. strikes on Iranian military installations that stoked fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The U.S. struck Iran’s coastal defenc
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Oil prices turn lower as traders weigh impact of renewed US strikes on Iran
TOKYO/BEIJING, July 16 : Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The United States struck Iran’s coas
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