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HOW STRAIT OF HORMUZ AFFECTS GLOBAL OIL PRICES
Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...- Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
- Why the US-Iran war continues to disrupt oil marketsThe oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...
- Euro zone bond yields rise as oil climbs on Hormuz doubtsBond yields in the Euro zone saw an uptick as oil prices surged, triggered by U.S. President Donald Trump's stance on Iran. The chances for...
- Global Market: Mainland Chinese stocks mixed, Hong Kong shares slip as Iran conflict weighs on sentimentChinese stocks traded mixed and Hong Kong shares edged lower as investors weighed fading hopes of a US-Iran peace deal and its impact on oi...
- Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
- Oil steadies near one-week highs as US-Iran peace deal hopes dimOil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...
- Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrinkChina is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude im...
- Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shi...
- Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessionsIran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongo...
- Trump expresses optimism about lower fuel prices as US-Iran move closer to potential deal on Strait of HormuzPresident Trump expressed optimism regarding negotiations over the Strait of Hormuz. He believes progress could lead to lower gasoline pric...
- Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in HormuzIran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their ...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks highOil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent top...
- Oil Price Today (August 6): Crude oil dips below $80 on hopes Iran-Oman deal could end Iran war. What are experts saying?Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-I...
- Proposed Hormuz deal would give Iran control of inbound traffic, sources sayA proposed Iran-Oman deal would grant Tehran control over ships entering the Strait of Hormuz. Important details remain to be agreed upon r...
- Oil Price Today (August 5): Crude dips for 3rd session amid hopes of a short-term war deal. What's next?Oil prices dipped again on Wednesday following as discussions aimed at reopening the Strait of Hormuz progressed. Traders are keenly watchi...
- Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes...
- Oil ticks up after selloff as talks to end US-Iran war remain uncertainOil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...
- Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruptionAccording to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...
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