Iran Blocking Strait of Hormuz: What It Means for Oil Prices
Crude prices surged as Iran moved to block the Strait of Hormuz following renewed U.S. strikes, sending USO up 2.2% and reviving fears of a lasting oil supply shock.
Eugene Castillo
crude oil
Eugene Castillo
Oil Prices Surge 4% as Iran Tensions Rekindle Supply Fears
Crude jumped 8.36% Monday as Iran and the U.S. traded strikes and Tehran again claimed the Strait of Hormuz was closed. Here is what is driving the surge and what…
Curtis Hernandez
Oil Prices Jump on Renewed US Iran Hostilities
Crude tumbled even as US Iran tensions flared anew, with the Strait of Hormuz at the center of a standoff that has traders bracing for more volatility ahead.
Douglas Turner
Oil Prices Jump as US Iran Ceasefire Collapses
Crude jumped sharply after Trump signaled his Iran ceasefire may be over. Here's why the Strait of Hormuz, shipping fears and the futures curve are driving oil prices higher.
Dean Porter
Oil Falls Below $75 Since Iran War Start
Crude oil prices dropped more than 4% Wednesday after the US and Iran signed a deal to reopen the Strait of Hormuz. USO hit near its 52-week low, but depleted…
Eugene Castillo
VLCC Earnings Near $470,000 Daily on Hormuz Optimism
Tanker rates for Persian Gulf crude have exploded, with one shipment booked at nine times the normal benchmark cost. Yet USO is falling sharply and sitting near a 52-week low.…
Curtis Hernandez
Storage Could Fuel the Next Billion Barrels of Oil Demand
A Strait of Hormuz closure drained the U.S. SPR to a 1983 low and triggered a global reserve-building race worth up to 1 billion barrels. Here's what that means for…
Eugene Castillo