Oil prices jumped after reported tanker attacks in the Red Sea and President Donald Trump threatened a major strike on Iran. Brent crossed $100 a barrel as traders priced in rising supply risk from the Middle East.
Oil prices surged after reports of Houthi attacks on tankers off Saudi Arabia and renewed US threats against Iran following a ceasefire collapse. Brent crude topped $100/barrel, and WTI also rose significantly, reflecting escalating Middle East tensions and supply disruption fears.
Oil prices fell Thursday as mediators work to prevent escalation between the U.S. and Iran. Brent crude futures closed at $76.30/barrel and WTI at $72.08/barrel after rising earlier due to U.S. strikes.
US Treasury revoked General License X, impacting Iranian oil transactions. While crude oil prices rose due to tanker attacks near the Strait of Hormuz, Bitcoin remained stable, raising questions about market confidence and future inflation impacts.
The US revoked a sanctions waiver allowing Iranian oil sales, citing Iran's actions. This follows attacks on three tankers in the Strait of Hormuz, raising concerns about shipping traffic and global economic strain.
The U.S. initiated retaliatory strikes against Iran on Tuesday following Iranian attacks on three commercial vessels in the Strait of Hormuz. These actions threaten to escalate regional conflict and impact global oil prices.
The Trump administration revoked a general license authorizing Iranian oil sales after tanker attacks in the Strait of Hormuz. Companies have until July 17 to wind down transactions, with payments to be made into blocked US accounts.
The US has revoked a sanctions waiver allowing Iranian oil sales, citing Iran's actions in the Strait of Hormuz. This follows attacks on three tankers in the strait, raising concerns about shipping traffic and global economic strain.
The US Treasury Department has suspended a general license that eased sanctions on Iran's oil sector, effective July 7. The new directive prohibits new transactions and requires the wind-down of previously authorized ones by July 17.
The US Treasury Department revoked a license lifting oil sanctions on Iran after attacks on tankers in the Strait of Hormuz. The waiver, which allowed Iran to sell oil until August 21, was rescinded due to "wholly unacceptable" actions by Tehran.
The US temporarily lifts oil sanctions on Iran, allowing it to sell oil in US dollars. VP Vance promotes the deal, linking it to Iran's nuclear program compliance. President Trump travels to Pennsylvania to promote economic achievements amid low approval ratings. A federal judge dismisses Trump administration subpoenas against Minnesota officials.
The US has temporarily eased oil sanctions on Iran for 60 days after Tehran agreed to allow international nuclear inspections, alongside an agreement to release $12bn in frozen Iranian funds.
Wall Street saw a tech sell-off with the Nasdaq Composite down 1.32%. SpaceX shares plummeted 16%. The US Treasury issued a 60-day license for Iranian oil production. The UK marked the 10-year anniversary of the Brexit vote.
The US has issued a 60-day sanctions waiver allowing Iran to export oil in US dollars, following initial peace talks. While US VP JD Vance claimed progress on nuclear inspections, Iran denied making new commitments.
The US has partially lifted sanctions on Iranian oil exports following "encouraging" peace talks in Switzerland. While US VP JD Vance claimed Iran agreed to allow nuclear inspectors, Tehran denied making new commitments. The US also threatened Iran over the Strait of Hormuz.
Wall Street saw declines in the S&P 500 and Nasdaq as big tech stocks like Alphabet and Microsoft fell. Meanwhile, the UK is set to welcome its seventh prime minister in a decade following Keir Starmer's resignation, with Andy Burnham expected to take office.
President Trump expressed uncertainty about Iran's use of oil profits, stating "we'll see" if the funds are diverted to military rebuilding. He suggested the money should buy U.S. agricultural products for the Iranian people, though an Iranian central banker disputed any obligation to buy from the U.S.
The US has waived sanctions on Iranian oil for 60 days, citing progress in nuclear talks and discussions on opening the Strait of Hormuz. US Vice President JD Vance stated a "foundation" is in place for a final deal, with Iran agreeing to IAEA inspections.
A senior US envoy reportedly warned India to comply with US orders regarding the Strait of Hormuz and a blockade, following a strike on a merchant vessel that killed three Indian mariners. Observers noted the envoy offered no condolences, only a defense of US actions.
Oil prices surged Wednesday as U.S. President Donald Trump threatened to attack Iran "very hard," escalating tensions and fears of a wider conflict. U.S. crude futures rose 2.07% to $90.03/barrel, and Brent futures gained 1.8% to $93.10/barrel.
US President Trump claims a secret mission moved over 100 million barrels of oil, threatens further Iran attacks, and suggests a nuclear deal is imminent. Meanwhile, Israel's defense minister states the fight against Iran is far from over, and the UN IAEA calls for information on Iran's nuclear program.
US Secretary of State Marco Rubio visits India to discuss energy sales amid the Iran war's impact on global supply. India, heavily reliant on imports, faces challenges due to shipping disruptions. The visit also addresses trade tensions and the Quad grouping.
The United States on Friday sanctioned multiple entities and individuals it said were involved in trading Iranian petroleum and petroleum products, including a China-based oil terminal operator and a Chinese national. The State Department said the operator, Qingdao Haiye Oil Terminal Co., Ltd, “imported tens of millions of barrels of sanctioned Iranian crude oil”. Also on the sanctions list is Li Xinchun, a Chinese national who is president of the China-based oil terminal, as well as a Hong...
Brent crude surged over 7% to $126 per barrel, the highest since Russia's 2022 Ukraine invasion, while WTI hit $110 amid growing fears of US-Israeli military action against Iran. The spike follows stalled negotiations over the Strait of Hormuz, a ceasefire holding since early April, and reports that Trump will meet with Central Command chief to discuss military options. The UAE's withdrawal from OPEC has been overshadowed by war premium concerns.
