Shipping stalls in Strait of Hormuz after Iran declares key waterway closed again

Shipping stalled through the strategically vital Strait of Hormuz over the weekend, according to maritime intelligence company Windward. The data shows that a recovery in oil tanker traffic through the world's most important oil choke point just last week appears to have already hit a snag.

CNBC • 16 hours ago

US loans 500,000 barrels of oil from Strategic Petroleum Reserve

The U.S. Energy Department said on Monday that one energy firm had taken a loan of 500,000 barrels of crude oil ​from the Strategic Petroleum Reserve, representing about 1.25% of the ‌barrels at offer in the latest allotment under the Trump administration's effort to curb fuel prices.

Reuters • 5 hours ago

A flood of oil is set to hit energy markets. Here's how much crude may be unleashed.

Despite a fragile U.S.-Iran cease-fire and fears of an uneven recovery, millions of barrels of crude oil are already lined up over the short term.

Market Watch • 7 hours ago

U.S. oil prices fall below $74 a barrel on 60-day pause on Iranian oil sanctions

Oil prices fall on hopes that more Iranian crude will hit the global market as supplies near critically low levels.

Market Watch • 11 hours ago

Goldman Sachs says EV surge may cut oil demand by late 2027

Goldman Sachs said accelerating electric vehicle adoption following a Hormuz-related oil supply shock could ​trim global oil demand by up ‌to 0.32 million barrels per day by late 2027.

Reuters • 12 hours ago

Oil gains after selloff, awaits progress on Strait of Hormuz flows

Oil prices rebounded on Tuesday after a sharp fall the previous session supported by tempered optimism over U.S.-Iran peace talks, while investors awaited clearer signs of progress ​in restoring crude flows through the Strait of Hormuz.

Reuters • 29 minutes ago

'THE DEAL IS REAL': Oil CRASHES as Iran breakthrough changes EVERYTHING

‘The Big Money Show' panel weighs whether Iran's agreement to allow nuclear inspectors back into the country is a genuine breakthrough or a risky bet that could unravel within 60 days.

Fox Business • 4 hours ago

Iranian Oil Is About to Flood the Market. Has the Fed's Biggest Pressure Valve Been Released?

Inflation has been the market's dominant concern.

24/7 Wall Street • 10 hours ago

Energy markets are 'sleepwalking towards a cliff', says analyst

Ellen Wald from Transversal Consulting thinks markets are underestimating the risk of a delayed supply shock, as flows remain insufficient despite signs of improvement in shipping through the Strait of Hormuz. She also says the 60-day negotiation period from the signing of the U.S.-Iran memorandum of understanding is not enough to return to normal energy trade.

CNBC International TV • 21 hours ago

China-led EV boom could cut oil demand and send Brent to $55, Goldman says

A sharp acceleration in electric vehicle sales could reduce global oil demand by as much as 320,000 barrels a day by the end of next year, according to Goldman Sachs, as energy prices retreat towards levels seen before the Iran war. The bank said global EV penetration reached 26.1% of total passenger car sales in May, up 3.4 percentage points since February and close to a record high.

Proactive Investors • 13 hours ago