Iran said Monday that any deal with Oman on shipping in the Strait of Hormuz would not lead to the waterway being fully reopened and that the route would remain closed until the United States agreed to demands including lifting a naval blockade. The comments were the latest sign that Iran sees its grip on …
NEW DELHI, Aug 11 (Reuters) – Shipping traffic through the Strait of Hormuz fell to six on Monday, compared with a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between the U.S. and Iran. Four commodity vessels, including two empty oil product tankers, entered the waterway, data …
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US President Donald Trump hardened his stance toward Iran as negotiations to reopen the Strait of Hormuz continue, pronouncing that the Islamic Republic must pay reparations for past attacks. Trump made his sweeping new demands on Monday after accusing Tehran of itself seeking compensation for war damages through public statements even though the issue had …
Continue reading “Trump Hardens Stance on Iran, Clouding Hopes for Hormuz Deal”
United States President Donald Trump stated on Monday that “we certainly have the ability” for a massive escalation against Iran. Trump made the comment while speaking to journalists at the White House. One reporter asked what would happen if Tehran does not take what Trump said was the last chance for peace. “You’ll find out,” …
Oil in the United States Strategic Petroleum Reserve has fallen to its lowest level since 1983, the country’s Department of Energy data showed on Monday. The latest report on the country’s oil inventories showed that stocks decreased by 6.1 million barrels last week to 298.7 million barrels, falling below the 300-million-barrel mark for the first …
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European natural gas prices climbed by as much as 10% on Monday as investors closely monitored developments around the Strait of Hormuz, with traffic through the crucial waterway remaining subdued over the weekend amid continued uncertainty over the resumption of normal maritime flows. Earlier today, Iran noted that Tehran was still not negotiating with Washington, adding to …
Continue reading “European gas jumps 10% amid Hormuz reopening uncertainty….”
The prices of oil futures continued to rise on Monday. West Texas Intermediate (WTI) for September’s deliveries jumped by 3.54% at 9:59 am ET to $80.88 per barrel. Brent for October’s settlements increased by 2.90% at 10:02 am ET to $86.14 per barrel. More to come…
Restricted traffic through the Strait of Hormuz has disrupted a major source of global jet fuel, leaving Europe particularly exposed to shortages. Airlines are responding with alternative sourcing, fuel hedging, schedule adjustments, and unusual logistics as elevated fuel prices squeeze operating costs. U.S. carriers are also taking a major financial hit, with Southwest reporting nearly …
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President Donald Trump signaled he’s prepared to let economic pressure hahahahahah on Iran build rather than launch fresh military strikes, saying the US was only “semi-negotiating” with Tehran on the Strait of Hormuz. Hey Donald your yes men are afraid to tell you they are out of ammo! “We are just watching Iran with its …
Continue reading “Trump Hints US Will Let Economic Pressure on Iran Do the Work… More T A C O E’ S”
United States President JD Vance shared on Saturday that Tehran told Washington it will allow maximum oil flow through the Strait of Hormuz, though he added that the US will not trust Iran until it proves otherwise. “We’re obviously not at the beginning. We’re in the middle of the game, and we’re applying a whole …