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By Trevor Hunnicutt and Parisa Hafezi Trump says Iranians want to make a deal US, Pakistani officials says talks continue Iran warns of harsh response to maritime blockade Oil prices jump back over $100 NATO allies refuse to join in WASHINGTON/DUBAI, April 13 (Reuters) – The U.S. military began a blockade of ships leaving Iran’s …
US Begins Blockade of Iran’s Ports, Tehran Threatens Retaliation Read More »
Summary US to start blockading vessels later on Monday from reaching Iranian ports Two Pakistani tankers enter the Gulf on Sunday Malta-flagged tanker makes U-turn at Hormuz (Reuters) – Oil tankers are steering clear of the Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks between the U.S. and …
Oil Tankers Steer Clear of Hormuz Ahead of US Blockade Read More »
President Donald Trump on Sunday said the U.S. Navy would immediately start blockading the Strait of Hormuz and would also interdict every vessel in international waters that had paid a toll to Iran. Trump made his remarks in a Truth Social post hours after U.S-.Iran peace talks ended without a deal. Trump said the meeting …
Trump Says US to Start Blockading the Strait of Hormuz Immediately Read More »
Summary Iran has made clear passage subject to conditions, ADNOC CEO says Global economic stability depends on unconditional reopening, he says UAE oil output halved after strait’s effective closure, Reuters has reported ADNOC loading oil cargoes, will expand output within constraints of damage suffered (Reuters) – The Strait of Hormuz is shut and Iran must …
Strait of Hormuz is Shut, Must Reopen Without Conditions, UAE Oil Giant ADNOC’s CEO Says Read More »
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 »
Trump on Sunday issued an expletive-laced threat to destroy Iran’s power plants and blow up ‘everything over there’ Bloomberg News President Trump during a primetime address to the nation at the White House on April 1.Photographer: Alex Brandon/AP Photo/Bloomberg US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline …
Trump’s New Deadline Looms With Mediators Pushing for Truce Read More »
Summary Brent, WTI set for biggest absolute, percentage jumps in 3 weeks Trump speech did not clarify when Hormuz might reopen (Reuters) – Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures were up $7.65, …
Oil Prices Jump Over 7% After Trump Says Attacks on Iran Will Continue Read More »
The crude oil futures markets are still largely pricing for an early resolution to the conflict in the Middle East that results in the full re-opening of the Strait of Hormuz. But in pricing for this outcome the market is actually making it more likely the narrow waterway that serves as a conduit for as …
CRUDE OIL’S CATCH-22: Pricing for Trump TACO Trade Makes it Less Likely: Russell Read More »
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday. U.S. President Donald Trump on Saturday threatened to “obliterate” Iran’s power plants if Tehran did not fully reopen the Strait of …
Oil Prices Set to Rise Further on Monday as Mideast War Escalates Read More »
The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli war on Iran. The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure …
US Allows 30-Day Sale of Iran Oil at Sea in Bid to Tame Prices Read More »
