Strait of Hormuz

KEY POINTS The European and African oil markets are tightening sharply as Asian buyers increasingly compete for limited crude supplies, pushing key benchmarks and differentials to record highs ahead of …

KEY POINTS Oil prices jumped sharply on Monday as tensions intensified in the ongoing US-Israel war with Iran. Brent crude, the global benchmark, rose more than 3 percent to trade …

KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …

KEY POINTS Iran has warned it could shut the Strait of Hormuz indefinitely if the United States carries out threats to attack its power infrastructure. The warning followed a 48-hour …

KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …

KEY POINTS Importers across the Gulf region are racing to find alternative supply routes following the effective shutdown of the Strait of Hormuz, a vital maritime corridor that supports the …

KEY POINTS Oil prices rose sharply on Monday as the conflict between the United States, Israel, and Iran entered its third week, intensifying concerns over global supply. Brent crude, the …

KEY POINTS France and Italy have reportedly initiated diplomatic contacts with Iran in an effort to ensure the safe passage of their commercial vessels through the Strait of Hormuz, a …