The uncertain pace of supply recovery in the Middle East and the continued rapid drawdowns of global inventories make the case that oil price volatility would drag on during the 60-day U.S.-Iran negotiation window, David Fyfe, Chief Economist at Argus Media, told CNBC on Thursday. As the U.S. and Iran formally signed an agreement to reopen …
Continue reading “U.S-Iran Deal Won’t Lead to Plunging Oil Prices”
Summary of for the week ending June 12, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.3 million barrels from the previous week. At 418.2 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year. U.S. crude oil refinery …
Below is the text of the 14-point draft memorandum I received 2 days ago under the condition I could trade it but i had to wait till today to publish The Islamic Republic of Iran and the United States, together with their allies in the current war, declare upon the signing of this Memorandum of …
Continue reading “Total Surrender By the US….. Controlling the Straights more powerful then NUKES”
Israel is concerned that Iran would use the 60 days planned for further nuclear-themed negotiations with the United States to advance its program, Israeli Channel 12 reported on Tuesday. According to senior Israeli officials familiar with the matter, the country fears that Iranian Supreme Leader Mojtaba Khamenei does not want Washington and Tehran to reach …
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The prices of oil futures continued to fall on Tuesday, with Brent going below $80 per barrel for the first time since early March. The agreement reached between the United States and Iran offset concerns about the availability of crude oil. US President Donald Trump, who is currently in France for the G7 summit, commented …
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Iranians who oppose the regime are “shocked” by the emerging details of an agreement between the US and Iran. The source, who is in touch with Iranians inside Iran and is knowledgeable about the situation on the ground nationwide, discussed how the emerging agreement is being received in Iran. The source said that friends say “everything …
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The memorandum of understanding between the United States and Iran gives Iran and Oman control over “the future of the administration of maritime services” in the Strait of Hormuz, the Iranian news agency Fars reported on Monday. According to a source familiar with the matter, Iran has agreed to provide 60 days of free passage through …
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Oil prices plunged immediately after it was announced that the United States and Iran had reached the highly anticipated deal to end hostilities, reducing tensions in the Middle East. After a drawn-out diplomatic process, the two sides appeared to agree on a compromise, and US President Donald Trump lifted the naval blockade of Iran, with the Strait …
Continue reading “Oil sinks 4.5% as Iran, US conclude peace deal”
United States President Donald Trump said that Israeli Prime Minister Benjamin Netanyahu has “no fucking judgment” regarding the earlier strikes on Beirut, Axios’ Barak Ravid reported on Sunday, citing a telephone interview with the president. “Why did Bibi have to do a f**king attack? I was so p**sed off. I let him know. He has …
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Iran will not sign any deal “definitely” at the time announced by United States President Donald Trump, Iranian Fars News Agency reported on Sunday, citing officials familiar with the negotiating team. According to the outlet, the Qatari mediators are currently in Tehran discussing Iranian terms. “Even if we go back and forth and go back in …
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