(Oil Price) – U.S. President Donald Trump is restoring the “maximum pressure” campaign on Iran, aiming to drive down the Islamic Republic’s oil exports to zero. But at the same time, President Trump signaled a willingness to negotiate a new nuclear deal with Iran that would allow it to “peacefully grow and prosper”—without obtaining a nuclear weapon. “I would much prefer a Verified
(Investing) – Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a crucial week that includes the U.S. presidential election. U.S. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday’s Election Day, and the winner
(World Oil) – Traders who piled into bullish options bets on oil prices at record pace are waking up to a harsh reality: Most of those contracts are now worthless. Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing. That plunge has helped contribute to a chunk
(CNBC) – U.S. crude oil sold off steeply Monday, putting the benchmark on pace for its worst day in more than two years after Iranian energy facilities were not damaged during an Israeli attack over the weekend. Futures for global crude benchmark Brent slid 5.94% to $71.53 per barrel at 9:26 am ET, while U.S. West Texas Intermediate futures dropped 6.26% to $67.29 per barrel. U.S.
(Oil Price) – Ten days ago, the Biden administration expanded sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel, its second direct attack on Israel this year. According to the White House, Iran’s oil exports are enabled by a network of illicit shipping facilitators in multiple jurisdictions which, through obfuscation and deception, load and transport Iranian
(Investing) – HOUSTON -Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption. Brent crude futures settled down $3.21, or 4.14%, at $74.25 a barrel. West Texas Intermediate futures finished down $3.25,
The focus of Israel’s Defense Forces has shifted from the confrontation with Hamas in Gaza to Israel’s northern border with Lebanon where Hezbollah has attacked Israel with missiles for months and displaced thousands of Israelis from their homes.
(Investing) – HOUSTON – Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption. Brent crude futures were down $3.54, or 4.57%, to $73.92 a barrel at 10:35 a.m. CDT (1535 GMT).
(World Oil) – The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s expected any day. Under the action announced Friday, the Treasury Department invoked a Trump administration-era executive order that allowed for sanctions on any area of the Iranian
(Oil Price) – Chevron has resumed natural gas production and supply from two platforms offshore Israel, where output was briefly suspended as a precaution due to the Iranian missile attack on Israel on Monday. Iran yesterday fired more than 100 ballistic missiles into Israel after the United States warned Israel on Monday morning that an attack was imminent. Oil prices jumped after news
(Oil Price) – Iran has fired more than 100 ballistic missiles into Israel, according to the latest reports, after the United States warned Israel this morning that an attack was imminent. Israel had time to move its cabinet members and Mossad to safety prior to the attack, and Israel is expected to issue a report shortly detailing what damage—if any—was done.
CNBC U.S. crude oil on Tuesday hovered at a two-month high as worries grow that Israel and the Iran-backed militia Hezbollah could go to war, and Hurricane Beryl could impact Gulf Coast refineries. As oil has rallied in recent days, gasoline prices have hit a $3.50 per gallon average ahead of the Fourth of July holiday, according to the motorist
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