oil market

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What Is The Strait Of Hormuz And Why Is It So Important For Oil?

June 22 (Reuters) – Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday,

Energy

Trump’s Airstrikes On Iran Leave Oil Market Poised For Surge

By Alex Longley and Yongchang Chin Jun 21, 2025 (Bloomberg) –The oil market has been wrestling for days with Donald Trump’s next act in an

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Oil Market Sees Iran Sanctions Having Muted Export Impact

(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t

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Surge in Freight Reverberates Through the Global Oil Market

(Bloomberg) — A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices. The

Interesting

Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry

By Laila Kearney NEW YORK, Sept 16 (Reuters) – Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a

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Attack on Saudi Oil Facility Hits the Oil Market’s Achilles Heel: Kemp

By John Kemp LONDON, Sept 16 (Reuters) – Oil security experts have worried for decades about the vulnerability of Saudi Arabia’s Abqaiq processing