Oil

Bitcoin faces downward pressure as tensions between the U.S. and Iran drive up oil prices. The geopolitical escalation is linked to increased oil market volatility, impacting cryptocurrency markets.

Oil prices increased following an attack on Iran, while Asian stocks are expected to decline. The market reactions highlight concerns over geopolitical tensions and economic impacts.

The United States revoked a sanctions waiver for Iranian oil following attacks on tankers in the Strait of Hormuz. The US Treasury Department canceled a license allowing Iran to produce and sell oil until August 21, stating Iran's actions were unacceptable and would face consequences.

Suriname resolved a debt crisis through a first-of-its-kind bond linked to oil reserves it plans to pump by 2028. The innovative financial arrangement is being adopted as a model by other low-income countries.

Latin America's markets open amid Wall Street records and a softer dollar, with stalling Andean disinflation, oil prices below $70, and upcoming Colombia CPI data and FOMC minutes as key factors. The article highlights economic indicators influencing the region's pre-open market dynamics.

Wall Street is showing increased interest in India’s markets as pressures from oil prices diminish. The shift is attributed to the fading impact of oil-related concerns.

China is increasing its oil purchases from the Middle East amid falling prices. Saudi Arabia has reduced its export pricing to Asia to a 6-year low.

Oil prices are fluctuating due to ongoing flows through the Hormuz Strait. The continued movement of oil via Hormuz is influencing market dynamics.

Wall Street remains near highs with oil prices approaching $69, while the dollar weakens as the impact of Federal Reserve rate cuts diminishes. The Ibovespa stock index in Brazil records a second consecutive rise, reaching 174,070, reflecting broader Latin American economic trends.

Citi predicts oil prices may decline to $60 as the impact of the Hormuz shock subsides.

The Economist admits they were incorrect about oil market predictions, acknowledging the market outperformed their expectations. They emphasize there is no shame in being wrong.

Increased oil flows through the Strait of Hormuz may provide the US with leverage in talks with Iran, as over 10 million barrels daily demonstrate Tehran's limited control. US officials argue Iran benefits more from a nuclear deal than tolls in the strait, while Iran's chief negotiator noted 40 million barrels exported since the US blockade was lifted.

Oil prices continue to decline as increased oil tanker and cargo vessel activity is observed flowing through the Strait of Hormuz. The vessels are anchored off Port Sultan Qaboos in Muscat, Oman.

Euro-Zone inflation slowed more than expected, driven by a retreat in oil prices. The decline in energy costs contributed to the unexpected reduction in inflationary pressures.

Brazil and Norway face off in the World Cup round of 16 after Norway defeated the Ivory Coast. Norway's sovereign wealth fund, the largest in the world with over two trillion dollars, was built on oil, the same resource linked to Brazil's energy power status.

Eni and Mercuria are forming a global energy commodities trading venture. Eni has a significant trading operation focused on its portfolio of gas, liquefied gas, oil, and power producing assets.

China's factory output grew with high-technology manufacturing at 53.5, while consumer goods lagged and factory-gate prices fell, signaling deflation. Canada's April output rose 0.5%, driven by mining. AI and oil influenced global growth patterns this quarter.

German inflation has eased as a retreat in oil prices helps temper costs across Europe. The PCK Schwedt oil refinery in Germany is highlighted in the context of this economic shift.

Oil prices are expected to experience the largest quarterly drop since 2020. The decline highlights significant market shifts in the energy sector.

India is planning to reduce its reliance on Middle East oil following a war-related shock. The article mentions oil storage in India as part of its strategy.

Indian stocks outperformed emerging market peers, the rupee rebounded, and oil prices declined. The performance of Indian equities and currency was linked to falling oil prices.

Asian shares are mostly higher following Wall Street's gains, with South Korea's stock market rebounding after a tech sell-off. Oil prices stabilize as part of the broader market trend.

Oil prices remain stable as Iran attempts to assert control over the Hormuz Strait ahead of potential negotiations with the United States. Excess wastewater in Texas's major oil field threatens the region's role in global markets and President Donald Trump's energy strategy.

FTSE 100 Futures remain steady while oil prices hold around $72. The stability of both markets is noted in the title.

Micron ended the week with a decline despite strong earnings, while falling oil prices were seen as beneficial for combating inflation. The AI trade also experienced a cooldown, contributing to Wall Street's volatile week.

Oil is approaching its prewar price following a U.S.-Iran memorandum of understanding to end the conflict, but gasoline prices remain high. President Trump has accused Big Oil of price gouging, while analysts attribute the delay in lower gas prices to individual gas station owners.

American consumers became more optimistic as inflation fears eased due to a cooling Iran conflict and falling oil prices near $69, but Wall Street declined with the Nasdaq dropping for a fifth consecutive day amid doubts about funding the AI boom. Brazil's central bank maintained rate cuts due to cheaper oil, strong investment inflows, and lower U.S. yields, highlighting a contrast between a brightening Main Street and an anxious market.

Angola is selling stakes in its major state-owned companies, including Unitel and Sonangol, as part of a privatization effort aimed at reducing economic dependence on oil.

Ships crossing the Strait of Hormuz continued using a non-Iranian-approved passage near Oman despite Iranian warnings, with 42 commodity vessels transiting on Thursday and 29 by Friday afternoon. A projectile struck one vessel, but traffic levels declined from Wednesday's peak of 57 ships.

Rory Johnston discusses why his prediction of $200 oil prices did not materialize. Oil extraction is occurring near Monahans, Texas.

Oil prices fell 2% as markets shifted focus from renewed Iran tensions to the broader supply outlook. The decline continued on Friday amid attention to potential breakthroughs in the Middle East conflict and regional news.

Kevin Warsh’s comments on inflation and the Federal Reserve’s hawkish stance, along with declining oil prices, are lowering long-term inflation expectations and reassuring investors.

A 'mini tsunami' of oil is flooding the global market after the Strait of Hormuz reopened, freeing trapped tankers and causing oil prices to drop to nearly pre-war levels, though the relief may be temporary.

Colombia’s proved gas reserves fell 16.8% in 2025, marking a 54.6% decline since 2018. At current output, gas reserves cover about 5.9 years, while Colombia now imports roughly a quarter to a third of its gas needs.

Oil prices have dropped to a pre-war low, a strong dollar is negatively impacting regional markets, and Brazil remains stable despite these economic challenges.

Commodities such as oil, silver, copper, and gold experienced significant declines, with prices dropping between 2.71% and 7.09%, driven by a Middle East ceasefire reducing the war premium. The crash benefited countries that purchase raw materials.

Oil prices have erased wartime gains due to increased stockpiles from Hormuz entering the market. This surge in supply is impacting global oil markets.

U.S. Energy Secretary Chris Wright stated that the U.S. has ended Iran's ability to close the Strait of Hormuz, citing 72 oil-laden ships passing through the strait in the past 24 hours, carrying 19 million barrels of oil.

U.S. President Donald Trump pressured oil companies to lower gasoline prices after oil prices declined. Trump accused the firms of 'gouging' consumers.

Disruptions in the Strait of Hormuz are pushing oil prices above $100 a barrel. These disruptions threaten fertilizer supplies, semiconductor production, and global inflation.