(By Oil & Gas 360) – What began as wartime disruption has evolved into something far more strategic, Iran is increasingly turning access through Hormuz into geopolitical and economic leverage. The shift is becoming more visible by the week as Tehran expands operational control, imposes new transit procedures, and reshapes how commercial shipping moves through one of the world’s most important
(Investing) – Oil prices on Thursday sharply pared gains after a report that Washington and Tehran had reached a deal to extend an ongoing ceasefire and launch further negotiations over Iran’s nuclear program, pending President Donald Trump’s final approval. Crude prices had earlier ticked higher after the U.S. and Iran traded fresh strikes, denting hopes for a peace deal that would
(BOE Report) – Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from Iran’s vicinity
(By Oil & Gas 360) – The longer the Iran war continues, the less this looks like a temporary geopolitical disruption and the more it resembles the early stages of a structural oil supply crisis. For months, markets have focused on headlines surrounding ceasefires, diplomacy, and tanker traffic through the Strait of Hormuz. But beneath the volatility, the global oil
(BOE Report) – The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-metre-long Agios Fanourios I, laden with Iraqi crude oil and bound for Vietnam, had been bottled up off the coast of Dubai since late April.
(Oil Price) – Iran wants the U.S. blockade and sanctions to be lifted and Iran’s frozen funds to be released in the latest peace proposal to the United States, Iranian state media reported on Tuesday. “The Iranian proposal to end the war includes the country’s insistence on its right to uranium enrichment and peaceful nuclear activities, an end to conflicts across
(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
