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The war that closed the Strait of Hormuz has ended – for now. But Tehran’s demand to act as toll booth keeper at the world’s most critical oil chokepoint could leave energy markets vulnerable and hardwire higher prices for years to come. The U.S. and Iran agreed on Tuesday to a two-week ceasefire brokered by …
Iran’s Hormuz ‘Toll Booth’ Set to Hardwire Higher Energy Prices: Bousso Read More »
(Reuters) – When the history books of the Iran war are written, Tuesday night into Wednesday morning may well rank among the most anxious hours for the modern Gulf. After U.S. President Donald Trump warned Iranians that “a whole civilization will die tonight”, residents from Kuwait to Abu Dhabi, whether lying sleepless or jolted awake, …
(Reuters) – Remember global imbalances? They’re back. In a fractured world increasingly marked by self-interest and protectionism, the prospects for a coordinated response among the major economic powers to fix them and avert a crisis look remote. The U.S. current account deficit – and the corresponding surpluses of China, oil producers, the euro zone, and …
Global Imbalances are Back, and There’s No Fix in Sight: McGeever Read More »
(Reuters) – Iran’s Revolutionary Guards said on Wednesday that they attacked overnight energy complexes and oil transfer lines linked to the U.S. and Israel, including oil facilities in Saudi Arabia’s port city Yanbu, state media reported. Reporting by Reuters; Editing by Hugh Lawson
New Delhi, April 8 (Reuters) – India expects the United States to extend its waiver on purchase of Russian oil to bring down global oil prices, a government source said on Wednesday. Reporting by Nidhi Verma; Editing by YP Rajesh
By Pooja Menon, Joel Jose and Danilo Masoni April 8 (Reuters) – U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after …
Global Energy Stocks Plunge as US-Iran Ceasefire Hits Oil Read More »
By Yi-Chin Lee, Julie Zhu and Alessandro Parodi IATA chief Walsh says months before jet fuel supplies recover Refinery damage may delay jet fuel supply recovery, says Walsh Delta expects $2 bln extra costs from jet fuel in Q2 Airline shares rally on ceasefire and Hormuz reopening hopes TUI assessing how to get stranded cruise …
Airline and Travel Industries See No Immediate Relief From Iran Ceasefire Read More »
Iran could open the Strait of Hormuz in a limited and controlled way on Thursday or Friday ahead of a meeting between U.S. and Iranian officials in Pakistan, a senior Iranian official, involved in the talks, told Reuters on Wednesday. “If an understanding on a framework for talks is reached, the strait could be opened …
(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that …
Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears Read More »
(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform …
Heads of IEA, IMF, World Bank to Meet Next Monday to Discuss Energy Crisis Read More »
