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FortuneOil sold for $100.20 per barrel at 9:15 a.m. Eastern Time, up 67 cents from the previous day. The price has risen $35.30 over the past year.
financialpost.comOil market participants have coined the acronym NACHO to describe expectations that the Strait of Hormuz will remain open. Brent crude prices fell 6 percent during the week despite the outlook.
Substrate placeholder — needs reviewThe Commodity Futures Trading Commission is examining oil trade records from before a March social media post by President Trump. The review focuses on trading activity that occurred prior to the post.
cnbc.comThe Commodity Futures Trading Commission is reviewing trades by three firms that earned millions from oil futures placed shortly before President Trump announced developments in the Iran conflict. The inquiry focuses on whether the trades were based on non-public information.
SemaforData showed seven of the top 10 foreign holders of US government debt reduced their Treasury positions in March. The moves occurred amid currency pressures and shifts in oil trade patterns.
FortuneBrent crude oil reached $112.93 per barrel at 9:20 a.m. Eastern Time, up $2.85 from the previous day and $47 above the level recorded one year earlier. The increase follows a pattern of price movements driven by supply, demand, and geopolitical factors.
financialpost.comHedge funds and other money managers cut their net long positions in petroleum futures and options by the equivalent of 44 million barrels during the week ending May 12. The reduction follows continued ceasefire talks between the United States and Iran and the passage of a small…
France 24U.S. Congress has asked for information on whether traders had advance knowledge of developments affecting oil markets. The inquiry follows reports of large profits from positions taken before recent events involving Iran.
Brent crude oil traded around $107 per barrel Wednesday as escalating conflict in the Middle East lifted energy prices and the U.S. dollar while pressuring equities and cryptocurrencies. Bitcoin held above $76,000 support even as it fell 1 percent to roughly $80,800. European gas…
news.google.comPremiums for Russian Urals crude have declined to $2-4 per barrel above Brent for June delivery cargoes in Indian ports. The drop comes amid weak refining margins, according to sources. @DeItaone reported the development on Tuesday.
marketpulse.comThe global oil market has supported the U.S. dollar for more than five decades through the petrodollar arrangement. NPR reported the system shows signs of strain linked to the Iran war. The arrangement dates to agreements in the 1970s that shaped international oil trade and curre…
The Free PressThe U.S. expects a response from Iran within 48 hours to a framework that would freeze Iranian uranium enrichment in exchange for sanctions relief and unfrozen assets. An Israeli official said continued economic pressure could lead to a change in Iran's government absent a settle…
thehindubusinessline.comChina's Ministry of Commerce has directed its citizens and companies not to comply with specific U.S. sanctions on trade with Iran. The order targets designations of five Chinese refiners and comes days before President Trump's meeting with Chairman Xi Jinping in Beijing. It mark…
globalresearch.caChina has directed its companies not to comply with U.S. sanctions on private refiners linked to Iranian oil trade, deploying a 2021 blocking measure. The order targets sanctions on firms including Hengli Petrochemical, imposed last month. This comes ahead of a meeting between Pr…
thehindu.comChina has directed domestic firms not to comply with recent U.S. sanctions targeting five refiners involved in Iranian oil trade. The move activates a 2021 blocking measure for the first time, amid upcoming talks between President Trump and Xi Jinping. Banks are seeking regulator…
BBC NewsIsraeli forces intercepted a Gaza-bound aid flotilla in international waters, detaining two activists for questioning amid accusations of kidnapping from Spain and Brazil. President Trump rejected Iran's latest peace offer, declared hostilities terminated, and imposed new sanctio…
CnbcBP announced that its quarterly earnings more than doubled, driven by its oil traders benefiting from market volatility. The volatility was linked to the war with Iran. The report highlights the impact of global events on energy sector performance.
middleeasteye.netChina’s Hengli Group has altered the ownership structure of its Singapore-based oil trading arm following U.S. sanctions on its refining unit. The changes were made in response to the sanctions, according to people with knowledge of the matter. This development highlights ongoing…
BloombergA new report from the Center for Strategic and International Studies details significant U.S. munitions depletion during the ongoing war with Iran that began February 28, 2026. The conflict has disrupted global oil trade through the Strait of Hormuz, boosted China's railway alter…
NewsweekU.S. forces intercepted the M/V Sevan, a sanctioned vessel in Iran's shadow fleet, in the Arabian Sea as part of a blockade enforcing sanctions on Iranian ports. The Treasury Department also sanctioned a Chinese refinery and about 40 shipping entities for facilitating Iranian oil…
etftrends.comInvestors have pulled $900 million from the United States Oil ETF (USO) so far in April 2026, positioning it for the largest monthly outflow since 2009. The ETF has still risen 2% month-to-date. The moves reflect profit-taking in the oil trade, according to market data.
rte.ieOil prices have remained relatively stable during the war in Iran, avoiding predicted surges. Experts point to lower risk premiums, reserve draws, and moderated buying as key reasons. Current U.S. oil trades at around $95 per barrel, below earlier wartime peaks.
ecns.cnThe Trump administration announced sanctions on Hengli Petrochemical, a major Chinese oil refinery, and approximately 40 shipping companies and tankers for involvement in transporting Iranian oil. The measures target Iran's oil revenue amid ongoing conflict in the Persian Gulf.
Substrate placeholder — needs reviewNearly 20,000 people on about 2,000 vessels are stranded in the Persian Gulf due to the ongoing U.S.-Israeli war on Iran, which began February 28, 2026. Seafarers report dangers including missiles, drones and sea mines, with some rationing food and water. Industry experts say cle…
Substrate placeholder — needs reviewThe head of Gunvor Group, a major physical oil trader, stated that oil prices could remain volatile for months due to seasonal demand shifts and Middle East tensions. Physical crude supplies are tight following disruptions, including the closure of the Strait of Hormuz. Buyers ar…
Substrate placeholder — needs reviewOil traders placed nearly $800 million in short positions yesterday morning. Shortly after, Iran's foreign minister announced the Strait of Hormuz was open. Oil prices then declined by 9:10 a.m. ET.
Iran has enacted a blockade of the Strait of Hormuz, a key shipping route for global oil trade. Exemptions apply to vessels from neutral countries that were already in Iranian ports at the time the blockade took effect. The measure affects international maritime traffic in the re…
Unknown author / Wikimedia (Public domain)Satellite tracking data indicates 40 million liters of Russian diesel en route to Cuba via tanker. Separately, two million barrels of Iranian crude oil have arrived in India under a U.S. sanctions waiver. These movements highlight ongoing oil trade dynamics despite international…
Networks linked to Iran's Islamic Revolutionary Guard Corps processed $178 million in cryptocurrency tied to Houthi oil sales over a single year, according to a report. A broader network associated with these activities accounted for nearly $1 billion in total transactions. The f…
theolivepress.esPrediction market traders earned substantial returns betting on a US-Iran ceasefire by April 7, with one individual gaining $463,000 from a $13,200 investment. Four suspected insiders collectively profited $663,000 on similar wagers. Separately, an oil trader incurred a $1.4 mill…
Substrate placeholder — needs reviewThe United Kingdom is leading an initiative to form a coalition aimed at reopening the Strait of Hormuz without U.S. participation. This effort responds to disruptions in the vital shipping route for global oil trade. The Strait handles about 20% of the world's oil supply, affect…
Substrate placeholder — needs reviewA social media post by @MarioNawfal claims that tensions between the United States and Iran center on efforts to reduce the US dollar's role in global energy trade rather than nuclear issues. The post states that Iran sold 90% of its oil to China in yuan as part of a BRICS initia…
Oman and Iran held a meeting to examine options for maintaining smooth transit through the Strait of Hormuz under current regional conditions, according to the Omani state news agency. The discussions focus on the strategic waterway, which handles about 20% of global oil trade.