Trump Announces 50% Tariffs on Nations Supplying Iran With Weapons
(Reuters) – U.S. President Donald Trump on Wednesday said any country supplying Iran with military weapons will face immediate 50% tariffs with no exemptions, announcing the duty in a social…
India Set to Import First Iranian Oil in 7 Years
India is expected to receive this week its first cargo of Iranian oil in seven years, after the U.S. last month unsanctioned purchases of Iran’s oil already loaded on tankers.…
European Natural Gas Futures Slump by 20% on Ceasefire Relief
European benchmark natural gas prices tumbled 20% at opening in Amsterdam on Wednesday after the U.S. and Iran announced a two-week ceasefire that could lead to reopening of the Strait…
Shell Expects ‘Significantly Higher’ Oil Trading Profits in Q1
Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a…
Queensland Looks to Fast-Track Australia’s First New Oilfield in 50 Years
The state of Queensland on Wednesday urged Australia’s federal government to fast-track the approval of the Taroom Trough project that would see the first new oil development project the country…
Korea research team develops catalyst tech to boost CO2 conversion efficiency
Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a new electrode design that improves the efficiency and selectivity of carbon dioxide electroreduction – a technology…
Trump Says US Will Help With Traffic Buildup in Strait of Hormuz
U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. Trump on Tuesday agreed to a two-week…
NOT OUT OF THE WOODS YET: Iran Ceasefire Provides Hope, But Physical Oil Markets to Remain Stressed: Russell
A planned two-week ceasefire between the United States and Iran and negotiations to end their conflict may mark the first genuine attempt to de-escalate, but there’s still much to be…
Oil Tumbles Below $100 After Trump Announces Two-Week Ceasefire
Summary Iran says it will open up Strait of Hormuz for two weeks if attacks stop Trump says Iran has offered a 10-point peace proposal Uncertainties still create room for…
Investor Reactions to Trump Agreeing to Two-Week Ceasefire With Iran
U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait…
