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Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, but prices remained on track for …
Crude Futures Fall on New Iran Proposal for Peace Talks Read More »
(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen around 70% since the Iran war began on February 28 to over $120 per barrel, as of early Thursday. Yet global equity markets, though volatile, …
Why $100 Oil is No Longer Spooking Equity Markets Read More »
(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen around 70% since the Iran war began on February 28 to over $120 per barrel, as of early Thursday. Yet global equity markets, though volatile, …
Why $100 Oil is No Longer Spooking Equity Markets: Stephen Jen Read More »
(Reuters) – Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities …
World Bank Forecasts 24% Surge in Energy Prices in 2026 Due to Middle East War Read More »
By Howard Schneider Fed officials will decide whether to signal possible rate hikes amid oil shock Warsh confirmation may move forward after end of Powell probe Powell could still remain on Fed’s Board of Governors until 2028 WASHINGTON, April 27 (Reuters) – Federal Reserve policymakers will gather in Washington this week in what may be …
Fed Likely to Hold Rates Steady as Powell Prepares for Possible Swan Song Read More »
By Laila Kearney and Alex Lawler Iran to make offer aimed at satisfying US demands, Trump tells Reuters Trump to send Witkoff and Kushner to Pakistan for Iran talks, CNN reports WTI falls on the day, but both benchmarks rise on the week NEW YORK/LONDON, April 24 (Reuters) – Oil prices whipsawed in volatile trade …
Oil Prices End Volatile Session Mixed But Up Sharply for the Week on Supply Worries Read More »
(Reuters) – Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil …
Traders Place $430 Million Bet on Lower Oil Price Before Trump Ceasefire Extension Read More »
WASHINGTON, April 20 (Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying Americans can expect lower costs as soon as the Iran war ends. On Sunday, U.S. Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could …
Trump Says Energy Chief ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends Read More »
By Georgina Mccartney Brent and WTI crude make largest daily drops since April 8 US-Iran negotiations progress, according to media report US military blockade of Iran remains in effect HOUSTON, April 17 (Reuters) – Oil prices settled down by around 9% on Friday after Iran said passage for all commercial vessels through the Strait of …
Oil Settles Down 9% After Iran Declares Strait of Hormuz Open Read More »
(Reuters) – Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran’s foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world’s most traded commodity ahead of major announcements in the course of the Middle East war. Large, well-timed …
Traders Place $760 Million Bet on Falling Oil Ahead of Hormuz Announcement Read More »
