Oil prices fall as Trump targets Iran: What it means for gas prices, Brent crude, WTI and global markets
Oil prices fell on Monday as investors waited for the US to announce new measures aimed at putting more economic pressure on Iran. Brent crude, the global oil benchmark, fell 1.8% to about $93 a barrel. West Texas Intermediate (WTI), the US oil…
China and Iran hold talks to discuss opening Strait of Hormuz
BEIJING – Chinese Foreign Minister Wang Yi held talks with his Iranian counterpart Abbas Araghchi in Beijing on Wednesday, as Iran faces growing pressure to open the Strait of Hormuz to international shipping and reach a deal with the United States…
Another Pakistani-flagged ship arrives in Karachi after crossing Strait of Hormuz
KARACHI: A Pakistan-flagged ship carrying crude oil will cross the Strait of Hormuz and reach Karachi port on Saturday after the United States began a blockade, the government announced here on Friday. Another Pakistani-flagged ship arrives in Karachi…
US oil blockade will boost US exports and oil prices
President Trump is promoting the U.S. Navy Blockade of the Strait of Hormuz An opportunity for U.S. oil and gas exporters. Tight supply is a bad sign for oil prices. The Strait of Hormuz is an important channel for global oil supply and has become the…
Why U.S. crude oil prices plummeted today. Explaining the immediate response to Iran ceasefire
Global markets react strongly after presidential term ends Donald Trump Just before the 8pm ET deadline on Tuesday, Trump announced a pause in U.S. attacks on Iran. Oil prices fell sharply as stock market futures soared. Iran has yet to respond to…