Brent oil tops $90 as US, Iran expand strikes in the Middle East In recent days both sides have taken aim at shipping traffic, with the U.S. saying it is enforcing a naval blockade on Iranian ports, and Iran saying it targets vessels violating its rules 2 min read
Gulf crude exports jump in July but shipments slowing on renewed hostilities, data shows Crude and condensate exports from Saudi Arabia, the UAE, Iraq, Kuwait and Iran rose about 16% from June's daily average to 12 million barrels per day in the first half of July, Kpler data shows 2 min read
Oil to average $80 a barrel over the next few months, says Standard Chartered Bank’s CIO office says inventories will cushion prices against a bigger shock as it flags equities, gold and EM dollar bonds as its top convictions for the second halfof 2026 2 min read
Oil hits four-week high as US-Iran conflict escalates Brent crude rose to its highest since June 12 and WTI to its highest since June 16 - before the United States and Iran signed a memorandum of understanding to end the conflict on June 17 2 min read
UAE's Adnoc confirms its supertankers attacked in Strait of Hormuz Abu Dhabi-based company says two very large crude carriers sustained significant damage after being struck by projectiles; one seafarer killed and several injured 2 min read
Oil prices jump 9% to one-month high as US-Iran tension escalates The US is set to reinstate the naval blockade on July 14 midnight UAE time, according to the US Navy-led Joint Maritime Information Center. The blockade had been lifted in mid-June 2 min read
Oil prices slide over 1% as US-Iran conflict clouds Hormuz reopening Fed minutes reveal inflation concern as US jobless claims decine; Iranian armed forces launched attacks on U.S. military infrastructure in Gulf states 3 min read
Strategic oil reserve buying set to support crude demand through 2028 Refilling reserves could generate an additional 506,000 bpd of crude demand in the fourth quarter of 2026, rising further next year, says Kpler analyst 3 min read
Oil prices jump 7% as US-Iran truce buckles under fresh hostilities The flare-up in hostilities has revived concerns about tanker traffic through the Strait of Hormuz, especially as some vessels were hit around the waterway earlier in the week 2 min read
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