ING analysts
Coverage of ING analysts in the Nexus archive.
- Oil prices dip over 6pc after US, Iran pause fighting over weekend
Oil prices fell over 6% after the US and Iran paused military strikes, raising hopes for de-escalation and resuming shipping through the Strait of Hormuz. The pause led to a sharp decline in Brent and WTI crude futures, though shipping data showed limited vessel movement through critical straits.
- Brent oil tops $90 as US, Iran expand strikes in the Middle East
Brent oil prices exceeded $90 per barrel as US-Iran hostilities in the Middle East disrupted shipments through the Strait of Hormuz. Both Brent and West Texas Intermediate crude prices rose sharply, driven by attacks on shipping and conflicting claims over naval blockades.
- Oil falls after US-Iran talks conclude in Switzerland
Oil prices fell after US-Iran talks in Switzerland concluded, with Iran securing waivers for oil and petrochemical exports, easing global supply shortage concerns. The talks aimed to extend a ceasefire, and Iranian officials highlighted the potential return of 1.5 million barrels per day of Iranian crude to international markets.