Oil rally gathers pace on blockade extension reports, US dollar firms.
Brent rose for an eighth day to above $111 and WTI topped $100 on reports Trump will extend the Iran port blockade. T ...
Wall Street Journal: Trump Tells Aides to Prepare for Extended Blockade of Iran
Trump has chosen an extended Iran blockade over bombing or diplomacy, betting economic pressure will force nuclear co ...
Bessent warns Kharg Island nearing capacity as US tightens Iran oil squeeze
US Treasury Secretary Bessent says Kharg Island is nearing storage capacity, costing Iran around $170mn per day in lo ...
UAE exit from OPEC raises fears Kazakhstan and Iraq could be next to leave
Dow Jones/Market Watch cite analysts who say Kazakhstan and possibly Iraq could follow the UAE out of OPEC, though Ba ...
Private survey inventory shows a huge headline crude oil draw vs. build expected
Via oiprice.com:Expectations I had seen:headline crude oil +0.3mn barrelsdistillates –2.3mn bblsgasolina -2.1mn ...
UAE quits OPEC and OPEC+
UAE quits OPEC, likely in a protest over the war. They will be leaving May 1.Oil fell on this on what’s assured ...
Silver erases all post-ceasefire gains as hawkish central banks weigh on precious metals
FUNDAMENTAL
OVERVIEWSilver has now erased all
the gains since the start of US-Iran ceasefire as the current s ...
Iran has 22 days of storage left as naval blockade drives exports to near collapse
Iran has just 12 to 22 days of unused crude storage remaining, with exports down 70% under the U.S. naval blockade an ...
Vance said to question Pentagon’s war picture as US missile stockpiles face serious strain
VP Vance has privately questioned Pentagon briefings on the Iran war and raised concerns about serious U.S. missile s ...
Trump sceptical of Iran’s Hormuz offer as nuclear demands remain the sticking point
Trump and his national security team are sceptical of Iran’s Hormuz offer, with officials saying he doubts Tehr ...
WSJ: Trump sceptical on Iran’s Hormuz proposal but White House presses on with talks
Trump is said to harbour doubts about Iran’s Hormuz proposal even as the White House signals it will keep negot ...
U.S. and Iran closer to deal than it seems as mediators push for Hormuz agreement first
U.S. and Iran are closer to a deal than they appear, with talks focused on a staged process starting with Hormuz reop ...