(Investing) – Oil prices oscillated around the flatline on Friday, after U.S. officials said Washington may soon lift sanctions on Iranian oil already at sea, freeing up more supplies. Hopes for some de-escalation in the U.S.-Israel war on Iran had earlier weighed on crude. Helping underpin the sentiment were U.S. calls for Israel to hold off on future attacks against Iran’s
(Oil Price) – Asian nations that are the most exposed to the fallout of the Hormuz crisis have sealed energy deals worth $56 billion with American companies, helping advance President Trump’s energy dominance agenda. Whether this is an actual pivot from the Middle East to the U.S. is yet to be seen. The news about the financial commitments was announced by Interior Secretary
(BOE Report) – Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s position that the war should be over in weeks, not months. “Already you’re seeing tankers are starting to dribble
(Investing) – Three major brokerages have raised their oil price outlooks as the Iran conflict disrupts flows through the Strait of Hormuz, tightening an already fragile global supply picture and pushing crude prices higher. Swiss brokerage UBS said crude markets are “on edge” with tanker traffic severely constrained. “Limited progress to unlock the world’s most important energy chokepoint have added to crude
(Investing) – Bank of America has raised its Brent oil price forecast for 2026 as disruptions in the Strait of Hormuz tighten global supply and accelerate inventory drawdowns. The bank now expects Brent crude to average $77.50 per barrel in 2026, up from a prior estimate of $61, reflecting the growing impact of the conflict on global oil flows. The new
(Investing) – Oil prices edged down from $105 a barrel on Monday, as markets assessed a request from U.S. President Donald Trump for other countries to help restore shipping through the Strait of Hormuz. Brent oil futures — the global benchmark — fell 1.2% to $101.91 a barrel, while U.S. West Texas Intermediate crude futures declined 2.8% to $94.09 a barrel by 11:20
(Investing) – Italy is not conducting negotiations with Iran to secure safe passage through the Strait of Hormuz for Italian vessels or oil tankers, an Italian foreign ministry source said on Friday. The statement contradicts a report published by the Financial Times suggesting such talks were taking place. “In their diplomatic contacts, Italian leaders want to favour the conditions for a
(Oil & Gas 360) By Greg Barnett, MBA Why 300–400 million barrels is politically huge, and physically small. In a true Strait of Hormuz disruption, the right unit is not “barrels held.” It is “days of solvency”, the time until forced rationing, refinery run cuts, or demand destruction. This section uses IEA chokepoint data to translate SPR headlines into a
(BOE Report) – Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed. Iran has exported about 13.7 million barrels of crude oil since Israel and the U.S. launched
(Investing) – Oil prices rose sharply Thursday, cresting above the key $100 per barrel level, after new Iranian Supreme Leader Mojtaba Khamenei warned that a critical waterway for global shipping will remain closed as the U.S. and Israel continue an assault of the country. Khamenei — the son of former leader Ali Khamenei, who slain at the outset of the U.S.
Oil & Gas 360 By Greg Barnett, MBA – Carlyle’s latest note argues the Strait of Hormuz disruption is an inflection point for energy security, with oil functioning as the “rare earth of the macro system.” The authors contend that while oil’s share of GDP has fallen, its functional irreplaceability in aviation, petrochemicals, grid balancing, and fertilizers makes today’s economy
(Oil Price) – Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command headquarters, warned the world to “get ready for oil to be
