Hormuz closure drives OPEC to slash demand outlook as OPEC+ output falls 1.74 million bpd
OPEC has cut its 2026 global oil demand growth forecast to 1.17 million bpd from 1.38 million bpd, citing the Iran wa ...
UAE denies Netanyahu held secret meeting with Emirati president during Iran war
The UAE has denied Israel PM Netanyahu visited the country for a secret meeting with its president during the Iran wa ...
Crude oil inventories for the current week -4.306M versus -2.051M estimate
Crude oil inventory -4.306 million versus -2.051 million estimateDistillates +0.190 million versus -2.735 million est ...
Gold continues to consolidate amid prolonged US-Iran stalemate, hawkish Fed risk
FUNDAMENTAL
OVERVIEWGold got stuck in another consolidation as the US-Iran stalemate extended
further. WeR ...
Iran rebuilds access to 30 of 33 Hormuz missile sites, US assessments show
Iran has restored operational access to 30 of its 33 Hormuz missile sites and retains 70% of its prewar missile stock ...
Morgan Stanley maps four oil shock scenarios from Fed hikes to global recession
Morgan Stanley’s base case is gradual Iran de-escalation and a patient Fed, but four alternate scenarios range ...
ICYMI – Iran tightens Hormuz grip as Iraq and Pakistan strike bilateral transit deals
Iraq and Pakistan have struck separate deals with Iran for oil and LNG passage through the Strait of Hormuz, as Tehra ...
Alaska passes gold and silver legal tender bill, exempting precious metals from sales tax
Alaska’s Senate has passed HB 1 by 19 votes to 1, recognising gold and silver as legal tender and exempting spe ...
Oil – private survey of inventory shows a headline crude oil draw just less than expected
Via telegram sources:Crude prices advanced steadily through Tuesday’s session as tensions between the United St ...
Crude oil is selling at $102.18 of $4.11 or 4.19%
The price of crude oil futures is settling at $102.18, up $4.11 or 4.19% on the day. The strong rally pushed the pric ...
Trump weighs return to combat as Iran nuclear talks falter, CNN reports
Trump is more seriously weighing a return to major combat operations against Iran, frustrated by the Hormuz closure a ...
ICYMI – JPMorgan warns of $150 oil and 4% inflation as energy crisis deepens
JPMorgan warns global oil supply disruptions of 13.7 million bpd in April could push Brent to $150 and lift US inflat ...