(Investing) – “This conflict, which should never have happened, has no reason to continue,” the ministry said. Among deals the market was looking for from the U.S.-China summit, Trump said China wants to buy oil from the United States. Trump also said he could lift sanctions on Chinese companies that buy Iranian oil. “Market focus is back on the deadlock and
(Investing) – LONDON – Oil prices gained about 2% on Friday after comments from U.S. President Donald Trump and Iran’s foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz. Brent crude futures gained $2.50, or 2.4%, to $108.22 a barrel by 1139 GMT. U.S. West Texas Intermediate futures were up $2.86, or
(Oil & Gas 360) By Greg Barnett, MBA – If the first Gray Swan resides beneath Iran’s tanks and inside its reservoirs, the second flies openly above the Strait of Hormuz. This is the domain of leverage rather than logistics, of influence rather than infrastructure. It is where diplomacy, energy flows, and great‑power competition intersect—and where markets persistently mistake management
(Oil & Gas 360) By Greg Barnett, MBA – For weeks, the market conversation around Iran revolved around a deceptively simple question: are the tanks full? Storage saturation is an easy story to tell. It offers a visible constraint, a clean trigger, and a sense of inevitability. Yet that framing misses the real risk entirely. Iran’s challenge was never about running
(BOE Report) – U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day. They’ll likely continue to ramp down their
(BOE Report) – Iran will only accept “a fair and comprehensive agreement” in its negotiations with the U.S. on ending the war in the Middle East, its foreign minister said on Wednesday, as President Donald Trump cited “great progress” in the process. “We will do our best to protect our legitimate rights and interests in the negotiations,” Foreign Minister Abbas
(World Oil) – Iran attacked the United Arab Emirates for the first time in almost a month on Monday, as tensions between the U.S. and Islamic Republic rose. The UAE said it intercepted Iranian cruise missiles fired at different parts of the country, fracturing an uneasy calmness since a ceasefire between Tehran and the U.S.-Israel alliance took hold around April
(Oil Price) – European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension the latest U.S.-Iran standoff at the Strait of Hormuz. The front-month contract of the Dutch TTF Natural Gas Futures, the European benchmark for gas trading, was up by
(By Oil & Gas 360) – In just over 60 days, the Iran war didn’t just rattle markets; it physically removed a massive volume of oil from the global system, a shock that continues to ripple through pricing, logistics, and investor expectations and is now approaching a scale few thought possible. Since the conflict began in late February, more than
(Oil Price) – President Donald Trump posted on Truth Social Tuesday that Iran had “informed” his administration it was in a “state of collapse” and urgently wanted the Strait of Hormuz reopened. “Iran has just informed us that they are in a ‘State of Collapse.’ They want us to ‘Open the Hormuz Strait,’ as soon as possible, as they try
(Investing) – The U.S. extension of the ceasefire with Iran has done little to restore oil and gas flows through the Strait of Hormuz, with Barclays warning that the scale of disruption remains significantly underpriced in both oil futures and energy equities. Analyst Lydia Rainforth stated in a note to clients that the Strait has now been closed to oil and
(Investing) – Wall Street pushed higher on Wednesday, as sentiment was helped by an extension to a ceasefire between the U.S. and Iran. President Donald Trump also hinted at more peace talks. Market participants were also looking past the Middle East conflict and focusing on the first quarter earnings season, which continues to gather momentum. Results from the Magnificent 7
