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Logistics How US quietly kept Gulf crude moving despite Iran's Hormuz blockade
The US military has been overseeing secretive ship-to-ship oil transfers to keep Gulf crude exports moving despite Iran's blockade of the Strait of Hormuz. The operation, which began in early May, involves smaller tankers carrying oil through the strait and transferring it to larger vessels at hubs off Fujairah and Sohar. An estimated 90 million barrels of crude and petroleum products have moved through this offshore network since early May.
Commodities Middle East crude slips into discounts as US-Iran deal lifts global supply outlook
Middle East crude benchmarks flipped into contango this week after the US and Iran agreed a framework deal to reopen the Strait of Hormuz, boosting supply expectations. Dubai's premium turned to a 46-cent discount, the first since January, while Oman and Murban also flipped to discounts amid weak Asian refining demand and emerging arbitrage flows to Europe and the US.
Trade U.S. Military Uses Iranian Smuggling Tactic for Gulf Oil Transfers Amid Strait Closure
The U.S. military has conducted scores of ship-to-ship oil transfers off Fujairah and Sohar since early May, employing a shuttling technique previously used by Iran to evade sanctions. The operation, involving at least 92 ships, aims to maintain Gulf energy exports after Iran effectively closed the Strait of Hormuz, causing the biggest global energy supply disruption in history. An Apache helicopter involved in the mission was shot down by Iran on June 9.
Commodities US Strategic Petroleum Reserve Falls to Lowest Level Since 1983 Amid Iran War
The US Strategic Petroleum Reserve fell to 340.3 million barrels as of June 12, 2026, its lowest since July 1983, as the Trump administration continues emergency releases to mitigate economic damage from the war with Iran. The reserve has dropped 75 million barrels (18%) since the conflict began in late February. Officials warn the stockpile must remain at least 20% full to be operational.
Commodities Iran War Disruption: An Energy Shock or a Turning Point for Global Markets?
The Iran war has removed at least 1 billion barrels of crude and 20% of global LNG from markets through the Strait of Hormuz closure. A U.S.-Iran peace deal now promises to reopen the waterway, but the crisis may accelerate long-term shifts toward electric vehicles and renewables, as seen in record EV sales in Australia and China.
Commodities ‘Let the oil flow’: What Trump’s possible peace deal with Iran, Strait of Hormuz opening mean for India
US President Donald Trump announced an imminent peace deal with Iran and the reopening of the Strait of Hormuz, causing crude oil prices to fall from peaks of $120 to below $85 per barrel. For India, which imports nearly 90% of its oil, this could ease pressure on the rupee, current account deficit, and retail fuel prices, though impacts may take time to materialize.
Commodities U.S.-Iran Peace Deal Reopens Strait of Hormuz, Unleashing Global Oil Supply
The United States and Iran have reached a peace deal to end the war and lift restrictions on the Strait of Hormuz, through which 20% of the world's crude oil flows. The agreement suspends sanctions on Iranian oil, releases $24 billion in frozen assets, and provides a 60-day period to negotiate a permanent settlement. The U.S. will lift its blockade within 30 days, but analysts caution it will take two to three months for shipping to fully normalize due to mines and supply chain bottlenecks.
Trade US-Iran Framework Deal Aims to Reopen Strait of Hormuz but Traffic Remains Low
The US and Iran have agreed a framework deal to end hostilities and reopen the Strait of Hormuz. However, ship-tracking data shows traffic remains low, with only two vessels exiting since Sunday. Experts warn of cautious shipping recovery and lingering insurance and production challenges.
Logistics Hormuz Ceasefire Deal Leaves Shipping in Familiar Wait-and-See Mode as Operational Hurdles Remain
Asian shipping stocks rallied Monday on a tentative US-Iran ceasefire deal to reopen the Strait of Hormuz after 107 days, but industry experts caution that a full return to normal navigation will be gradual and uncertain. Major operational questions remain over mine clearance, traffic control, insurance, and the durability of the ceasefire, with over 500 vessels still stranded and traffic almost non-existent.
Commodities Gold whipsaws in choppy trading as US completes new Iran strikes, Strait of Hormuz closed
Gold experienced sharp swings after the US completed fresh strikes against Iran, which prompted Tehran to close the Strait of Hormuz to all vessels. Bullion rose as much as 1.1% after an earlier drop near $4,000/oz, while US inflation accelerated to 4.2% year-over-year in May, driven by war-induced energy costs. Trade executives face heightened uncertainty over shipping routes and inflation.
Commodities Oil Prices Slip Below $90: Brent, WTI Tumble After Trump Announces Ending War With Iran
Oil prices slipped below $90 per barrel as Brent crude and West Texas Intermediate tumbled following President Trump's announcement of ending the war with Iran. The Times of India report provided the headline but did not include specific price levels, volume changes, or trade implications.
Commodities Crude oil futures decline over 4% after Trump announces Iran peace deal
Crude oil futures declined by more than 4% on Monday after US President Donald Trump announced a peace deal with Iran, including the opening of the Strait of Hormuz and removal of the naval blockade. August Brent crude fell to $83.27 per barrel, while July WTI dropped to $80.55. Other commodities like natural gas also declined, while jeera and dhaniya futures rose.
Commodities Oil Prices Slide After US and Iran Sign Peace Deal to Reopen Strait of Hormuz
Oil prices fell sharply in early Asian trade after Pakistan announced a peace deal between the US and Iran, with the Strait of Hormuz set to reopen. Brent crude dropped 3.8% to $84.02 a barrel, while US-traded oil slid 4.1% to $81.40. The deal, brokered by Pakistan's Prime Minister Shehbaz Sharif, will be formally signed on 19 June in Switzerland.
Commodities Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs
Oil prices retreated on Tuesday after Iran and Israel paused attacks, with WTI falling 0.57% to $90.78 and Brent declining 0.51% to $93.77. The pullback followed a volatile session and a sharp rise on Monday. OPEC+ agreed to raise output targets for the fourth time, but analysts doubt impact due to production struggles and Strait of Hormuz risks.
Commodities Oil Prices Jump Over 3% as Iran-Israel Conflict Resumes, Straits of Hormuz Threatens Supply
Oil prices surged more than 3% on Monday as the Middle East crisis crossed 100 days with renewed Iran-Israel hostilities. WTI crude rose to $93.87/barrel and Brent to $96.36/barrel. OPEC+ approved a 188,000 bpd output increase for July, but analysts doubt it will ease supply fears due to the Strait of Hormuz blockade.
Logistics Hormuz Ceasefire Collapses After US-Iran Strikes, Tanker Hit Leaves 3 Missing
The fragile ceasefire in the Strait of Hormuz has completely broken down following fresh US-Iran attacks. A US strike on the product tanker Settebello off Oman left three seafarers missing and one injured, while Iran claimed strikes on two tankers. The IMO condemned the attacks, reporting 43 verified incidents since late February.
Commodities Crude Oil Futures Fall as Trump Signals Possible Iran Deal
Crude oil futures traded lower after US President Donald Trump signaled a possible peace deal with Iran. August Brent fell 1.90% to $88.66, and July WTI dropped 1.82% to $86.11. ING analysts expressed caution, noting past false starts and quiet signals from Tehran. OPEC's May production fell 177,000 b/d, led by Iran's 546,000 b/d decline, while Saudi, UAE, and Iraq increased output.
Commodities Crude Oil Futures Rise Amid US-Iran Tensions
Crude oil futures saw an increase following US military strikes on Iran. Brent and WTI futures rose, driven by geopolitical tensions and potential disruptions in the Strait of Hormuz.
Commodities Oil Prices Surge as Iran Closes Strait of Hormuz
Oil prices jumped over 2% after Iran closed the Strait of Hormuz following US military strikes. Brent crude reached $95.40 a barrel, while WTI hit $92.63. The closure impacts global oil shipments, escalating geopolitical tensions.
Commodities How Iran and Gulf States Bypass Hormuz Blockade to Stabilize Oil Prices
Despite the closure of the Strait of Hormuz and a US naval blockade, crude oil prices have not reached the feared $200 per barrel. This stability is due to covert shipping networks and alternative trade routes developed by Iran and its Arab neighbors, ensuring continued oil flow.
Business Strong Consumption Drives Steady Growth Amid Iran Conflict Costs
India's economy maintains steady growth driven by strong domestic consumption, despite challenges from the West Asia conflict. The government is focusing on attracting foreign investment and asset sales to boost revenue.
Commodities Crude Oil Futures Surge Amid US-Iran Tensions
Crude oil futures saw an uptick following US military strikes on Iranian targets. The geopolitical tension has influenced Brent and WTI futures, with significant movements in the market.
Commodities Crude Oil Futures Dip as Iran and Israel Agree to Ceasefire
Crude oil futures fell after Iran and Israel agreed to cease attacks, following US President Trump's intervention. Brent and WTI futures saw declines, reversing gains from earlier geopolitical tensions.
Commodities Oil Prices Edge Up Amid Iran-Israel Tensions
Oil prices saw a slight increase as Iran and Israel paused hostilities, following an appeal from US President Donald Trump. Brent crude futures rose to $94.38 a barrel, while US West Texas Intermediate reached $91.41 a barrel.
Commodities Gold Prices Decline Amid US-Iran Tensions and Rate Hike Fears
Gold prices have declined due to renewed US-Iran tensions and fears of a US interest rate hike. Spot gold is down 0.4% to $4,313.11 per ounce, with US futures also dropping.
Trade Putin Denies Russia Profiting from Iran Oil Crisis
Russian President Vladimir Putin refutes claims that Russia is profiting from the Iran oil crisis, emphasizing the need for conflict resolution. He highlights Russia's commitment to long-term stability over short-term energy market gains.
Commodities Gold Prices Dip Amid Elevated Crude and Geopolitical Tensions
Gold prices have fallen this week as crude oil remains elevated due to US-Iran tensions. The market is reacting to geopolitical uncertainties and supply disruptions.
Commodities Brent Crude Nears $100 Amid Iran Tensions, Impacting Global Markets
Brent crude prices surged to $97.51 per barrel on the ICE, nearing the $100 mark due to escalating tensions between the US and Iran. The geopolitical unrest has heightened supply concerns, impacting global markets.
Trade ATF Price Fund to Stabilize Airline Costs Amid US-Iran Conflict
The Indian government has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilization Fund to mitigate the impact of rising fuel costs on airlines due to the US-Iran conflict. This fund aims to stabilize ATF prices and protect the aviation sector.
Trade US Seizes Iran's Largest Crypto Network Amid Sanctions
The US has imposed sanctions on Iran's largest cryptocurrency exchange, Nobitex, accusing it of aiding sanctions evasion. This move intensifies economic pressure on Tehran amid ongoing peace talks.
Commodities Oil Prices Surge Amid Hormuz Blockade and Middle East Tensions
Oil prices have surged over 1% as geopolitical tensions in the Middle East escalate, with Iran launching missiles towards Kuwait and Bahrain. The ongoing blockade of the Strait of Hormuz continues to strain global oil supplies.
Commodities Crude Oil Prices Rise Amid US-Iran Talks and Hormuz Uncertainty
Crude oil prices saw a slight increase due to ongoing uncertainty over US-Iran negotiations and the potential reopening of the Strait of Hormuz. Brent crude futures rose to $95.04 a barrel, while WTI slightly declined to $91.99.
Commodities Gold Prices Eye US-Iran Talks and Fed Signals
Gold prices are poised for movement as US-Iran peace talks and Federal Reserve signals take center stage. Analysts anticipate that these developments, along with key economic data releases, will shape the near-term direction of bullion prices.
Trade India's Rice Exports Hit by Iran Conflict
India's rice exports dropped 1.3% in early 2026 due to the Iran conflict affecting basmati shipments to the Gulf. Rising shipping costs and delays have stalled new deals.
Commodities Crude Oil Prices Drop 4% on US-Iran Deal Hopes
Crude oil prices fell over 4% as optimism grew around a potential US-Iran agreement that could reopen the Strait of Hormuz. This development has significant implications for global oil supply and market dynamics.
Trade Iran Conflict Reshapes Persian Gulf Food Trade
The Iran conflict is reshaping food systems in the Persian Gulf, emphasizing the need for shorter, diversified supply chains. The UAE, heavily reliant on imports, is adapting through technology and local sourcing.
Commodities Iran Conflict Spurs Fertilizer Alternatives Amid Price Surge
The ongoing conflict in Iran has led to a significant increase in fertilizer prices, prompting farmers in Senegal and other regions to seek alternatives such as compost and manure. This shift is driven by supply disruptions in the Gulf region, which produces a substantial portion of the world's chemical fertilizers.
Commodities Crude Oil Futures Surge Amid US-Iran Tensions
Crude oil futures saw a notable increase following US military strikes in Southern Iran. Brent and WTI futures rose by nearly 2% amid heightened geopolitical tensions.
Trade Quad Unveils $20B Minerals Plan, Criticizes Iran's Toll
The Quad nations have launched a $20 billion critical minerals framework to counter China's dominance in the sector. They also criticized Iran's new shipping tolls in the Strait of Hormuz.
Commodities Crude Oil Futures Dip Amid US-Iran Negotiations
Crude oil futures saw a decline as indirect talks between the US and Iran continued. August Brent oil futures dropped to $95, while July WTI futures fell to $91.96. The negotiations aim to ease tensions in the Strait of Hormuz.
Commodities Crude Oil Futures Dip on US-Iran Ceasefire Extension Hopes
Crude oil futures fell amid reports of a potential US-Iran ceasefire extension. Brent and WTI futures saw declines, influenced by geopolitical developments and inventory data.
Commodities Crude Oil Futures Dip Amid US-Iran Deal Speculations
Crude oil futures saw a significant drop as reports of a potential US-Iran deal emerged. Brent and WTI futures both fell over 5%, influenced by geopolitical developments and market reactions.
Commodities Oil Prices Surge Amid US-Iran Tensions
Oil prices surged over 3% following Iran's attack on a US airbase, escalating geopolitical tensions. Brent crude futures rose to $97.8 a barrel, driven by supply concerns and falling US stockpiles.