US Says it Launched Strikes Against Iran After Attack on Cyprus-Flagged Container Ship

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  The U.S. military said on Saturday it launched a new round of strikes against Iran after Islamic Revolutionary Guard Corps forces attacked a Cyprus-flagged container ship transiting the Strait of Hormuz. “A civilian crew member is missing and the vessel is unable to continue the journey due to an onboard fire and significant engineroom …

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Iran Declares Strait of Hormuz Closed as ‘Unauthorised’ Vessel hit

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  Iran on Sunday said it closed the Strait of Hormuz after a vessel traveled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a “severe response.” “A vessel that had jeopardized maritime security by switching off its systems was struck and brought to a halt,” …

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Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption

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(Reuters) – Shale producer Occidental Petroleum  said in a filing on Friday its worldwide average ​realized oil prices rose 38.4% in ‌the second quarter compared with the previous three months, driven by higher benchmark crude ​rates amid the Middle East conflict. ​The U.S.-Iran war has injected a hefty geopolitical ⁠risk premium into the energy ​markets and …

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US Pain at the Pump Worsens After More US-Iran Fighting Lifts Oil Prices

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Summary   AAA data showed average US gasoline prices rose 6 cents this week to $3.88 a gallon Friday Refinery outages in Russia and the United States are squeezing fuel supplies EIA data showed US petroleum products exports hit a weekly record 8.7 million bpd (Reuters) – U.S. drivers have seen gasoline prices climb again …

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US Issues Fresh Iran-Related Sanctions, Website Shows

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(Reuters) – The United States on Friday issued new Iran-related sanctions following Iran’s resumption of attacks on international shipping in the Strait of Hormuz, the Treasury Department said. The sanctions target Ali Ansari, an Iranian banker and businessman based in Dubai who had previously been sanctioned by Britain for his role in financially supporting the …

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US Energy Firms Add Rigs for Fourth Week in a Row, Says Baker Hughes

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(Reuters) – U.S. energy firms this week added rigs for a fourth week in a row for the first time since early June, energy services firm Baker Hughes said in its closely followed report on Friday. The report, which Baker Hughes usually releases around 1 p.m. EDT (1700 GMT) on Fridays, was delayed by around …

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Oil Prices Settle Lower on Hopes for Smoother Shipping in Strait of Hormuz

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By Erwin Seba Tanker traffic through Strait of Hormuz has slowed IEA says US-Iran escalation undermines oil surplus forecast Russia’s gasoline output covers 65% of demand after Ukrainian strikes, sources say HOUSTON, July 10 (Reuters) – Oil prices settled lower on Friday after the latest round of U.S.-Iran fighting ​as traders grew hopeful that shipping …

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US Natgas Falls 4% to 8-Week Low on Milder Weather Outlook, Lower LNG Export Flows

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(Reuters) – U.S. natural gas futures fell about 4% to an eight-week low on Friday on forecasts for less hot weather than previously expected over the next two weeks, an expected decline in flows to liquefied natural gas (LNG) export plants during maintenance at Freeport LNG in Texas, and ample amounts of gas in storage. …

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Iran Has Asked to Continue Talks and the US Agreed, Trump Says

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(Reuters) – President Donald Trump on Friday said the United States had agreed to talks with Iran after Tehran asked to continue negotiations, while stressing that the June ceasefire between the two nations was over. “The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do so, but the United …

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Fed’s Williams Expects Energy Prices to Abate Even as Iran War Flares

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By Michael S. Derby New York Fed president expects energy prices to cool in remainder of 2026 He declines to say what Fed should do at next policy meeting Williams says balance sheet changes should focus on bank safety NEW YORK, July 9 (Reuters) – New York Federal Reserve President John Williams said on Thursday …

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