Iran's move on the Strait of Hormuz sent oil prices surging nearly 8% in a single session. Here is what the blockade, the tanker backlog and a proposed 20% toll…
Franklin Gonzales6 min read
Oil prices rise as tanker attacks near the Strait of Hormuz spook markets, with USO jumping 3.6%. Here is what the supply risk and technicals suggest comes next.
Roberto Anderson5 min read
Crude oil prices hit a four month low as U.S.-Iran diplomatic progress reduces the Strait of Hormuz risk premium. USO dropped 4.57% to 106.21, near its 52-week floor, while the…
Franklin Gonzales5 min read
Crude oil prices tumbled roughly 4.4% Wednesday after the US and Iran signed a memorandum of understanding to reopen the Strait of Hormuz. USO dropped to 106.72, near its 52-week…
Roberto Anderson5 min read