Summary US will not be involved in talks Vital oil route effectively shut as Iran war rages Countries seek ways to reopen waterway after ceasefire (Reuters) – Britain will host talks on Thursday aimed at forming a coalition of countries to explore ways to reopen the Strait of Hormuz after U.S. President Donald Trump said securing the …
UK to Host Talks With 35 Countries on Reopening Strait of Hormuz Read More »
President Donald Trump staunchly defended his handling of the month-old, U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age. He delivered his 19-minute speech against a backdrop of high …
(Reuters) – OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of Hormuz – the world’s most important oil route, currently shut by the U.S.-Israeli war with Iran – reopen. …
OPEC+ Likely to Weigh Further Oil Output Hike on Sunday, Sources Say Read More »
U.S. President Donald Trump told the nation in a televised speech on Wednesday night that the U.S. military had nearly completed the goals it had set out to accomplish in its war with Iran and that the conflict would soon be ending. He added that the U.S. would continue to hit targets in the Islamic …
Investor Reactions to Trump’s Speech on Iran War Read More »
Reuters Venezuela’s monthly oil exports surpassed 1 million barrels per day in March for the first time since September, with sales to refiners in India and shipments by trading houses to the Caribbean for storage pushing up volumes, according to ship-tracking data. The OPEC country’s oil sales have been rising since Caracas and Washington in …
Summary Brent, WTI set for biggest absolute, percentage jumps in 3 weeks Trump speech did not clarify when Hormuz might reopen (Reuters) – Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures were up $7.65, …
Oil Prices Jump Over 7% After Trump Says Attacks on Iran Will Continue Read More »
(Reuters) – U.S. exports of liquefied natural gas rose to an all-time high in March as plants ran above nameplate capacity and new units started up, preliminary data from financial firm LSEG showed. Shipments to Asia more than doubled from the previous month amid the ongoing conflict in the Middle East that has roiled energy …
US LNG Exports Break Record High as Middle East War Disrupts Global Supply Read More »
(Reuters) – China will at one point have to engage more directly on how to restore oil traffic flows in the Strait of Hormuz because the number of vessels it has going through is probably insufficient, France’s navy chief said on Wednesday. “We have not seen China’s navy step in to reopen the strait. On …
French Navy Chief Says China Will Have to Engage More in Strait of Hormuz Discussion Read More »
(Reuters) – Oil tanker availability along the U.S. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Middle Eastern supply have been snapping up vessels to import oil and fuel from the United States, shipping analysts and traders said. The Iran war has stalled tanker movements through the …
US Gulf Coast Tanker Market Tightens as Asia Seeks to Replace Lost Supply Read More »
(Reuters) – The United States will be “out of Iran pretty quickly” and could return for “spot hits” if needed, President Donald Trump told Reuters on Wednesday, hours before he was scheduled to make a primetime address to the nation. Trump also said he would express his disgust with NATO for what he considers the …
US to Leave Iran ‘Pretty Quickly’ and Return if Needed, Trump Tells Reuters Read More »
