Oil Trade
Coverage of Oil Trade in the Nexus archive.
- US-Iran deal to open strait for 60 days, Iran to discuss giving up enriched uranium: Reports
The US and Iran have reportedly agreed to a deal that would open the Strait of Hormuz for 60 days, with Iran considering giving up enriched uranium as part of curbing its nuclear program. The US is prepared to lift some sanctions to allow Iran to trade oil, while Iran provided only a verbal agreement on nuclear limitations.
- As Petrodollar weakens, Bitcoin gains momentun
The article introduces the concept of 'petrobitcoin,' which envisions Bitcoin being integrated into oil trade as part of energy transactions, not as a new token. This idea is discussed in the context of global shifts in 2026, suggesting Bitcoin's potential role in replacing or complementing the petrodollar system.
- Hormuz Traffic Still Blocked as Only Iran-Linked Ships Cross
The Strait of Hormuz remains closed to most traffic, with only ships linked to Iran permitted to pass. This situation highlights ongoing tensions affecting global oil trade routes.