Oil Markets Brace for Volatility as Trump’s Iran Deadline Fuels Escalation Fears
Oil prices opened the week elevated but stable in early Asian trading on Monday, holding near multi-year highs after another weekend of escalating tensions between the United States and Iran.…
Oil Prices Ease As US Pulls Out All Stops To Secure Supply
Oil prices pulled back Friday, but not because the market suddenly feels safe. This is more of a tactical breather than a trend change. Brent slipped back toward the $109…
Iran, Trump Exchange Threats over Hormuz
US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, upping the ante in a war now in its…
U.S. Bets on Natural Gas to Power 10 GW AI Buildout in Ohio
Amid the Iranian war and oil price crisis, the Department of Energy, alongside the Department of Commerce, has unveiled a public-private partnership with SoftBank and AEP Ohio that centers on…
Asian Refiners Pay Record Premiums for Non-Middle East Crude
Refiners in Asia are paying huge premiums for crude that could replace some of the supply stuck in the Middle East, with the most suitable grades from Norway and the…
U.S. targets Iran positions near Strait of Hormuz as oil market tensions rise
(Bloomberg) – U.S. officials signaled an intensifying military campaign against Iran focused on securing access to the Strait of Hormuz, underscoring growing risks to global oil supply as the conflict…
Two Russian Cargoes Offer Temporary Relief for Cuba’s Energy Emergency
Cuba is set to soon receive two Russian cargoes of crude and diesel amid the U.S. energy blockade that has caused an unprecedented power crisis in the country. The shipments…
Buyers Scramble for Seaborne Oil as Middle East War Continues
The most immediate buffer to avoid oil supply shortages—crude in floating storage—is being depleted at a rapid rate as buyers scramble to get their hands on volumes sitting on tankers…
