Oil Prices Rise Due to Iran War Escalation
Oil prices rise due to Iran war as strikes stretch into a ninth night and tanker traffic through the Strait of Hormuz nearly halts. Here is what is driving crude…
Christina Shaw4 min read
strait of hormuz
Christina Shaw4 min read
Iran Blocking Strait of Hormuz Could Send Oil Prices Higher, What to Know
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
US Military Launches Strikes Against Iran for Second Straight Day
US forces strike Iran for a second straight day, deepening a rift in the fragile ceasefire as Trump warns the truce may be over and oil markets react.
Christina Shaw2 min read
Trump: 'I May Just Be a Mob Character' on Hormuz Threat
President Trump said Wednesday the apparent collapse of the ceasefire with Iran could escalate quickly, raising the prospect of a renewed US blockade of the Strait of Hormuz, a takeover…
Franklin Gonzales1 min read
Oil Prices Rise as Attacks Renew Safety Fears in Strait of Hormuz
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
VLCC Rates Surge Toward 470000 Dollars a Day
Crude oil prices have plunged to near 52-week lows even as tanker rates on Persian Gulf routes hit nine times their benchmark. The disconnect between falling prices and surging freight…
Franklin Gonzales6 min read
Oil Prices Fall to Pre Iran War Lows
Crude oil fell to its lowest level since before the Iran conflict began, with USO dropping 3.77% as U.S.-Iran ceasefire talks in Switzerland raised expectations that the Strait of Hormuz…
Franklin Gonzales5 min read