Wednesday, April 15, 2026
NATO allies refuse to join Trump’s Strait of Hormuz blockade- oil and gas 360

NATO allies refuse to join Trump’s Strait of Hormuz blockade

(BOE Report) – The United States’ NATO allies said on Monday they would not get involved in President Donald Trump’s plan to blockade the Strait of Hormuz, further ratcheting up tensions within the increasingly fragile alliance. Trump said the U.S. military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach

Oil rises, heads for weekly gain in thin year-end trade- oil and gas 360

Oil rises, heads for weekly gain in thin year-end trade

(Investing) – NEW YORK -Oil prices rose on Friday and were set for a weekly gain in low trading volume ahead of year-end, backed by expectations of lower U.S. crude stockpiles and hopes of a stimulus-driven economic recovery in China. Brent crude futures rose 44 cents, or 0.6%, to $73.70 per barrel by 12:45 p.m. EST (1745 GMT). U.S. West Texas Intermediate crude