energy markets
12 articles
Oil Markets Face Reckoning After Hormuz Cargo Ship Strike
Crude had erased its war premium Thursday, trading at pre-conflict lows. A projectile strike on a cargo ship in the strait reverses that bet overnight.
Oil Falls to Pre-War Levels as Markets Price a Hormuz Deal
Crude erased its war-risk premium Thursday, falling to pre-conflict levels — a market bet that the Versailles framework delivers a deal before IRGC enforcement resumes.
IOC Tanker Tender Draws No Bids as Hormuz Risk Lingers Into Day Six
India's IOC found no takers for a Gulf crude charter through Hormuz on Tuesday — the week's starkest market signal from the IRGC's three-day closure declaration.
First Post-Deal LNG Tanker Clears Hormuz, Arrives at India's Dahej
The Malta-flagged LNG carrier Disha arrived Friday at India's Dahej terminal — the first liquefied natural gas cargo to transit the Strait of Hormuz since the US-Iran deal was announced last weekend.
Russia Eyes $13.6B Windfall From Hormuz Oil Spike
Moscow expects to pocket $13.6 billion from elevated crude prices tied to the Strait of Hormuz crisis, as Houthi pressure and US diplomacy keep the region on edge.
Oman Oil Terminal Blast Halts Crude Loading
A drone attack on Oman's Mina Al Fahal terminal halted crude oil loadings and pushed Brent above $95, signaling regional instability is spreading beyond the Iran-US corridor.
Iran Oil Exports Crash to Six-Year Low Under US Blockade
Iran's crude exports fell to 209,000 barrels per day in May, down 84 percent from April, as the US naval blockade chokes off shipments and strands tens of millions of barrels at sea.
Saudi Aramco Posts Record Profit as Hormuz War Drives Oil to $107
Saudi Arabia's state oil giant earned $32.5 billion in Q1 2026, up 25% year-on-year, as Strait of Hormuz combat keeps Brent above $100 and war-risk insurance premiums at 8–10x pre-war levels.
Oil Markets Fracture: Futures Say $101, Physical Barrels Cost $130
Front-month Brent futures and physical Dated Brent have diverged by more than $30 for the first time, as the Hormuz closure drains refinery stockpiles faster than financial markets can price the shock.
Brent Crude Drops 8.6% to $106 on Iran Deal Optimism
Brent fell $10 to $106.52/barrel and WTI neared $93 as traders priced out conflict risk on reports of an imminent US-Iran nuclear framework agreement.
Brent Crude Falls to $108 on Iran Peace Signal
Brent crude settled at $108.17 Friday as Iran peace-talk optimism trimmed a $126 peak, but Hormuz war-risk insurance remains effectively closed and the nuclear file unresolved.
UAE Quits OPEC on May 1, Stripping Cartel of No. 3 Producer
The UAE announced its exit from OPEC effective May 1, removing the cartel's third-largest producer as Brent crude trades above $114 amid a closed Strait of Hormuz.